American Noble Gas (NYSE:INFY) Price Target Lowered to $17.00 at Stifel Nicolaus

American Noble Gas (NYSE:INFY) had its target price trimmed by Stifel Nicolaus from $19.00 to $17.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

A number of other research analysts have also weighed in on INFY. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. BMO Capital Markets boosted their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Thursday, January 15th. Finally, TD Cowen raised their price target on shares of American Noble Gas from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.32.

American Noble Gas Price Performance

Shares of American Noble Gas stock opened at $15.07 on Wednesday. The business has a 50-day simple moving average of $17.71 and a 200 day simple moving average of $17.17. American Noble Gas has a one year low of $14.19 and a one year high of $30.00. The firm has a market capitalization of $60.98 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 2.20 and a beta of 0.98.

American Noble Gas (NYSE:INFY) last announced its quarterly earnings data on Wednesday, January 14th. The technology company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. American Noble Gas had a return on equity of 30.60% and a net margin of 16.16%.The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.11 billion. On average, sell-side analysts expect that American Noble Gas will post 0.74 EPS for the current year.

Hedge Funds Weigh In On American Noble Gas

Institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd bought a new stake in American Noble Gas during the first quarter worth $239,000. NewEdge Advisors LLC increased its position in shares of American Noble Gas by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after purchasing an additional 24,426 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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. 16.20% of the stock is 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. 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.