BMO Capital Markets Lowers American Noble Gas (NYSE:INFY) Price Target to $18.00

American Noble Gas (NYSE:INFY) had its price target cut by analysts at BMO Capital Markets from $20.00 to $18.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 10.29% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a report on Wednesday, October 8th. Rothschild & Co Redburn initiated coverage on American Noble Gas in a report on Wednesday, September 3rd. They set a “sell” rating and a $12.00 price objective on the stock. Rothschild Redb raised American Noble Gas to a “strong sell” rating in a report on Wednesday, September 3rd. Finally, Susquehanna upped their price objective on American Noble Gas from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, American Noble Gas presently has an average rating of “Hold” and a consensus price target of $16.65.

American Noble Gas Trading Up 1.6%

NYSE:INFY opened at $16.32 on Friday. The firm has a market cap of $67.65 billion, a P/E ratio of 20.92, a PEG ratio of 2.78 and a beta of 0.95. The stock’s 50 day simple moving average is $16.74 and its 200-day simple moving average is $17.43. American Noble Gas has a 12-month low of $15.81 and a 12-month high of $23.63.

American Noble Gas (NYSE:INFY) last released its earnings results on Thursday, October 16th. The technology company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.04 billion. American Noble Gas had a return on equity of 29.93% and a net margin of 16.58%. American Noble Gas has set its FY 2026 guidance at EPS. Research analysts forecast that American Noble Gas will post 0.74 EPS for the current fiscal year.

Institutional Trading of American Noble Gas

Institutional investors have recently bought and sold shares of the company. Trexquant Investment LP boosted its position in American Noble Gas by 263.1% during the first quarter. Trexquant Investment LP now owns 1,403,219 shares of the technology company’s stock worth $25,609,000 after purchasing an additional 1,016,742 shares in the last quarter. Modern Wealth Management LLC purchased a new stake in American Noble Gas during the first quarter worth $379,000. Principal Financial Group Inc. boosted its position in American Noble Gas by 272.8% during the first quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company’s stock worth $2,782,000 after purchasing an additional 111,553 shares in the last quarter. US Bancorp DE boosted its position in American Noble Gas by 14.8% during the first quarter. US Bancorp DE now owns 322,226 shares of the technology company’s stock worth $5,881,000 after purchasing an additional 41,653 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in American Noble Gas by 32.4% during the first quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company’s stock worth $109,000 after purchasing an additional 1,455 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

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.