American Noble Gas (NYSE:INFY) Price Target Raised to $17.00 at TD Cowen

American Noble Gas (NYSE:INFY) had its price objective raised by TD Cowen from $16.00 to $17.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a hold rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets dropped their price objective on shares of American Noble Gas from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Noble Gas in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.82.

American Noble Gas Price Performance

American Noble Gas stock opened at $17.82 on Friday. The stock has a market capitalization of $73.86 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.98 and a beta of 0.98. The business’s fifty day moving average is $17.69 and its 200 day moving average is $17.36. American Noble Gas has a one year low of $15.81 and a one year high of $30.00.

American Noble Gas (NYSE:INFY) last announced its quarterly earnings results on Thursday, October 16th. The technology company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. American Noble Gas had a net margin of 16.58% and a return on equity of 29.40%. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.04 billion. As a group, sell-side analysts expect that American Noble Gas will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On American Noble Gas

Several large investors have recently modified their holdings of INFY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in American Noble Gas by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 3,804 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of American Noble Gas during the first quarter valued at approximately $239,000. Geneos Wealth Management Inc. increased its holdings in shares of American Noble Gas by 28.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 61,536 shares of the technology company’s stock valued at $1,123,000 after acquiring an additional 13,617 shares during the period. Ascent Group LLC purchased a new position in American Noble Gas in the first quarter valued at about $251,000. Finally, Modern Wealth Management LLC acquired a new stake in American Noble Gas in the first quarter valued at approximately $379,000. Institutional investors own 16.20% of the company’s stock.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.