IHS (NYSE:IHS) was upgraded by stock analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Friday, ARN reports. The firm currently has a $125.00 target price on the stock. Deutsche Bank’s price target suggests a potential upside of 11.86% from the stock’s previous close.
The analysts wrote, “IHS shares have not worked YTD or over one year, but we think the improving economy will lead to accelerating revenue growth, just as the uncertain global economy hurt revenue over the last year. This cyclicality combined with the FCF accretion of RL Polk and management’s initiatives to accelerate non-subscription revenue should lead to better share price performance going forward. We have raised our price target from $105 to $125, which puts the stock on 17x ’14E P/FCF at our target.”
Shares of IHS (NYSE:IHS) opened at 111.75 on Friday. IHS has a 52 week low of $83.02 and a 52 week high of $118.93. The stock’s 50-day moving average is currently $107.3. The company has a market cap of $7.351 billion and a P/E ratio of 47.33.
IHS (NYSE:IHS) last announced its earnings results on Thursday, June 20th. The company reported $0.65 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.03 by $0.38. The company had revenue of $418.14 million for the quarter, compared to the consensus estimate of $423.06 million. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that IHS will post $4.28 EPS for the current fiscal year.
IHS has been the subject of a number of other recent research reports. Analysts at Janney Montgomery Scott initiated coverage on shares of IHS in a research note to investors on Monday, July 15th. They set a “neutral” rating on the stock. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of IHS in a research note to investors on Tuesday, June 11th. They now have a $115.00 price target on the stock. Finally, analysts at Zacks downgraded shares of IHS to a “neutral” rating in a research note to investors on Wednesday, June 5th. They now have a $111.50 price target on the stock.
Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $109.56.
IHS Inc (NYSE:IHS) is a source of information and insight in areas, such as energy and power; design and supply chain; defense, risk, and security; environment, health and safety (EHS) and sustainability; country and industry forecasting, and commodities, pricing, and cost.