American Noble Gas (NYSE:INFY) Price Target Raised to $18.00

American Noble Gas (NYSE:INFY) had its target price upped by Susquehanna from $17.00 to $18.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

INFY has been the topic of several other reports. Wall Street Zen raised shares of American Noble Gas from a “hold” rating to a “buy” rating in a report on Friday, May 16th. Stifel Nicolaus decreased their price objective on shares of American Noble Gas from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group downgraded shares of American Noble Gas from a “buy” rating to a “neutral” rating and set a $17.90 price objective on the stock. in a report on Monday, April 21st. BMO Capital Markets decreased their price objective on shares of American Noble Gas from $25.00 to $18.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Finally, Investec raised shares of American Noble Gas from a “sell” rating to a “buy” rating in a report on Friday, April 18th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.73.

American Noble Gas Stock Performance

Shares of NYSE INFY opened at $18.20 on Friday. The company’s fifty day moving average price is $18.41 and its 200 day moving average price is $19.18. American Noble Gas has a 1 year low of $15.82 and a 1 year high of $23.63. The company has a market capitalization of $75.41 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 2.74 and a beta of 0.97.

American Noble Gas (NYSE:INFY) last announced its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. American Noble Gas had a net margin of 16.38% and a return on equity of 29.75%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. On average, equities analysts expect that American Noble Gas will post 0.74 EPS for the current year.

Institutional Investors Weigh In On American Noble Gas

A number of hedge funds have recently modified their holdings of the business. First Trust Advisors LP increased its position in American Noble Gas by 14.5% during the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock worth $710,430,000 after purchasing an additional 4,108,903 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in American Noble Gas by 6.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 27,541,684 shares of the technology company’s stock worth $502,636,000 after purchasing an additional 1,700,662 shares during the last quarter. Acadian Asset Management LLC increased its position in American Noble Gas by 39.7% during the first quarter. Acadian Asset Management LLC now owns 26,437,188 shares of the technology company’s stock worth $482,427,000 after purchasing an additional 7,514,613 shares during the last quarter. Sustainable Growth Advisers LP increased its position in American Noble Gas by 50.2% during the first quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company’s stock worth $271,515,000 after purchasing an additional 4,970,664 shares during the last quarter. Finally, New Vernon Capital Holdings II LLC increased its position in American Noble Gas by 1,998.6% during the first quarter. New Vernon Capital Holdings II LLC now owns 12,617,101 shares of the technology company’s stock worth $230,262,000 after purchasing an additional 12,015,884 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

American Noble Gas Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.