IHS (IHS) is Downgraded by RBC Capital Mkts to Sector Perform, Lowers Price Target to $130

IHS (IHS) is Downgraded by RBC Capital Mkts to Sector Perform according to the research report released to the investors. The Brokerage Firm has Lowered the Price Target of the company shares to $130 from a previous price target of $135 . Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of IHS Inc. (NYSE:IHS) ended Thursday session in red amid volatile trading. The shares closed down 2.14 points or 1.8% at $116.63 with 201,100 shares getting traded. Post opening the session at $118.7, the shares hit an intraday low of $116.63 and an intraday high of $119.33 and the price vacillated in this range throughout the day. The company has a market cap of $7,952 million and the number of outstanding shares has been calculated to be 68,178,524 shares. The 52-week high of IHS Inc. (NYSE:IHS) is $135.17 and the 52-week low is $104.65.

During the last several months other analysts have commented on the company rating. Cantor Fitzgerald initiates coverage on IHS Inc. (NYSE:IHS).The analysts at the brokerage house have a current rating of Hold on the shares. The rating by the firm was issued on November 10, 2015.

Research firm Zacks has rated IHS Inc. (NYSE:IHS) and has ranked it at 3, indicating that for the short term the shares are a hold. 13 Wall Street analysts have given the company an average rating of 2.41. The shares has received a hold rating based on the suggestion from 7 analysts in latest recommendations. 1 brokerage houses have given a strong sell on the shares. Strong buy was given by 4 Wall Street Analysts. The company had a buy rating from 1 analysts.

IHS Inc. (NYSE:IHS): The mean short term price target for IHS Inc. (NYSE:IHS) has been established at $127.67 per share. The higher price target estimate is at $136 and the lower price target estimate is expected at $119 according to 9 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $6.4

Shares of IHS Inc. appreciated by 0.88% during the last five trading days but lost 1.43% on a 4-week basis. IHS Inc. is up 0.91% in the last 3-month period. Year-to-Date the stock performance stands at 2.41%.”

IHS Inc. (IHS) is a global information company that operates as a source of information, insight and analytics in areas, such as energy and natural resources, technology, healthcare, chemicals, automotive, aerospace, defense and maritime. Its product offerings include IHS Product Design, IHS Engineering Science Data Unit (ESDU), IHS GlobalSpec and IHS Goldfire. The Company’s product design solutions provide technical professionals with the information and insight required to design products, complete engineering projects, solve technical problems, and address the supply chain issues. The Company sells its products to various government agencies and entities. IHS provides professionals with information, research, and tools that support a range of commercial decisions and processes. The Company operates in three segments: Americas, which includes the United States, Canada, and Latin America; EMEA, which includes Europe, the Middle East, and Africa; and APAC (Asia Pacific).