Shares of IHS Inc. (NYSE:IHS) have earned a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the firm. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $124.42.
A number of equities analysts have weighed in on IHS shares. Zacks Investment Research upgraded shares of IHS from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Wednesday, July 6th. Cantor Fitzgerald restated a “hold” rating on shares of IHS in a research report on Thursday, June 23rd. Argus restated a “hold” rating on shares of IHS in a research report on Wednesday, June 29th. Finally, Robert W. Baird restated a “neutral” rating and set a $122.00 price objective (down from $132.00) on shares of IHS in a research report on Thursday, June 30th.
IHS (NYSE:IHS) opened at 117.25 on Thursday. IHS has a 12 month low of $92.59 and a 12 month high of $129.75. The company’s 50-day moving average is $117.02 and its 200-day moving average is $113.73.
In other IHS news, Vice Chairman Daniel Yergin sold 12,445 shares of the stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $114.79, for a total transaction of $1,428,561.55. Following the completion of the transaction, the insider now owns 94,229 shares of the company’s stock, valued at $10,816,546.91. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of hedge funds and other institutional investors have recently made changes to their positions in IHS. Wellington Management Group LLP raised its position in shares of IHS by 58.5% in the first quarter. Wellington Management Group LLP now owns 2,767,962 shares of the company’s stock valued at $343,671,000 after buying an additional 1,021,629 shares during the period. Brahman Capital Corp. bought a new position in shares of IHS during the second quarter valued at $81,267,000. Farallon Capital Management LLC raised its position in shares of IHS by 352.2% in the second quarter. Farallon Capital Management LLC now owns 830,460 shares of the company’s stock valued at $96,009,000 after buying an additional 646,831 shares during the period. Norges Bank bought a new position in shares of IHS during the fourth quarter valued at $60,762,000. Finally, Franklin Resources Inc. raised its position in shares of IHS by 11.0% in the first quarter. Franklin Resources Inc. now owns 2,493,596 shares of the company’s stock valued at $309,609,000 after buying an additional 247,612 shares during the period.
IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings.
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