TD Cowen Lowers American Noble Gas (NYSE:INFY) Price Target to $16.00

American Noble Gas (NYSE:INFY) had its price objective decreased by TD Cowen from $17.00 to $16.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. TD Cowen’s price target points to a potential downside of 1.96% from the stock’s previous close.

A number of other research analysts have also weighed in on INFY. BMO Capital Markets reduced their price objective on shares of American Noble Gas from $20.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday. Rothschild & Co Redburn initiated coverage on shares of American Noble Gas in a research note on Wednesday, September 3rd. They issued a “sell” rating and a $12.00 price objective for the company. Susquehanna lifted their price objective on shares of American Noble Gas from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Rothschild Redb upgraded shares of American Noble Gas to a “strong sell” rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Noble Gas presently has an average rating of “Hold” and a consensus price target of $16.65.

American Noble Gas Stock Up 1.6%

Shares of INFY stock opened at $16.32 on Friday. The company has a 50 day moving average of $16.74 and a 200-day moving average of $17.43. American Noble Gas has a 12-month low of $15.81 and a 12-month high of $23.63. 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.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Modern Wealth Management LLC purchased a new stake in shares of American Noble Gas in the first quarter worth $379,000. Strs Ohio purchased a new position in shares of American Noble Gas during the 1st quarter worth about $3,662,000. Acadian Asset Management LLC boosted its stake in shares of American Noble Gas by 39.7% during the 1st 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 period. Geneos Wealth Management Inc. boosted its stake in shares of American Noble Gas by 28.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 61,536 shares of the technology company’s stock worth $1,123,000 after purchasing an additional 13,617 shares during the period. Finally, Bayforest Capital Ltd boosted its stake in shares of American Noble Gas by 290.1% during the 1st quarter. Bayforest Capital Ltd now owns 55,746 shares of the technology company’s stock worth $1,017,000 after purchasing an additional 41,454 shares during the period. 16.20% of the stock is currently owned by institutional investors.

About American Noble Gas

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.