American Noble Gas (NYSE:INFY) Lowered to Hold Rating by Jefferies Financial Group

Jefferies Financial Group lowered shares of American Noble Gas (NYSE:INFY) from a buy rating to a hold rating in a report released on Monday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has $14.31 price objective on the technology company’s stock.

Several other research analysts have also weighed in on INFY. TD Cowen increased their price objective on shares of American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. Stifel Nicolaus dropped their price objective on American Noble Gas from $19.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. Finally, BMO Capital Markets raised their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, January 15th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.89.

American Noble Gas Trading Down 5.0%

NYSE:INFY opened at $13.92 on Monday. American Noble Gas has a 12-month low of $13.77 and a 12-month high of $30.00. The firm has a market cap of $56.33 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 2.18 and a beta of 0.98. The company’s 50-day moving average is $17.50 and its two-hundred day moving average is $17.14.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.11 billion. On average, equities research analysts forecast that American Noble Gas will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Noble Gas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings 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 worth $1,003,000 after purchasing an additional 24,426 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of American Noble Gas in the 1st quarter worth about $239,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of American Noble Gas by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after buying an additional 3,804 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

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.