Fintel reports that on September 11, 2023, TD Cowen maintained coverage of IHS Holding (NYSE:IHS) with a Outperform recommendation.
Analyst Price Forecast Suggests 175.79% Upside
As of August 31, 2023, the average one-year price target for IHS Holding is 14.64. The forecasts range from a low of 11.11 to a high of $27.30. The average price target represents an increase of 175.79% from its latest reported closing price of 5.31.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for IHS Holding is 2,121MM, a decrease of 3.42%. The projected annual non-GAAP EPS is 0.37.
What is the Fund Sentiment?
There are 97 funds or institutions reporting positions in IHS Holding. This is an increase of 10 owner(s) or 11.49% in the last quarter. Average portfolio weight of all funds dedicated to IHS is 0.19%, an increase of 17.99%. Total shares owned by institutions increased in the last three months by 26.97% to 52,490K shares. 
The put/call ratio of IHS is 0.88, indicating a bullish outlook.
What are Other Shareholders Doing?
Korea Investment holds 21,667K shares representing 6.48% ownership of the company. No change in the last quarter.
Capital Research Global Investors holds 5,002K shares representing 1.50% ownership of the company.
Goldman Sachs Group holds 4,832K shares representing 1.45% ownership of the company. In it's prior filing, the firm reported owning 6,019K shares, representing a decrease of 24.56%. The firm increased its portfolio allocation in IHS by 191.33% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 4,809K shares representing 1.44% ownership of the company.
Allspring Global Investments Holdings holds 999K shares representing 0.30% ownership of the company. No change in the last quarter.
IHS Holding Background Information
(This description is provided by the company.)
IHS Towers is one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world by tower count, with more than 30,200 towers across nine markets as of June 30, 2021. IHS Towers continues to grow and develop its existing positions and offerings in Brazil, Colombia, Peru, Cameroon, Côte d’Ivoire, Nigeria, Rwanda, Zambia and Kuwait.
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This story originally appeared on Fintel.
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