American Noble Gas (NYSE:INFY) Given New $16.00 Price Target at Susquehanna

American Noble Gas (NYSE:INFY) had its price objective lowered by Susquehanna from $20.00 to $16.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

INFY has been the subject of several other research reports. TD Cowen lowered their target price on shares of American Noble Gas from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, April 6th. BMO Capital Markets upped their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. Stifel Nicolaus lowered their target price on shares of American Noble Gas from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, February 18th. Finally, Jefferies Financial Group downgraded shares of American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 target price for the company. in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.03.

American Noble Gas Price Performance

Shares of NYSE INFY opened at $13.96 on Tuesday. The company’s 50 day simple moving average is $14.18 and its 200 day simple moving average is $16.34. American Noble Gas has a fifty-two week low of $12.57 and a fifty-two week high of $30.00. The firm has a market capitalization of $56.48 billion, a P/E ratio of 18.13, a P/E/G ratio of 1.79 and a beta of 1.00.

American Noble Gas (NYSE:INFY) last announced its quarterly earnings data 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 net margin of 16.16% and a return on equity of 30.60%. The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.11 billion. Sell-side analysts expect that American Noble Gas will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On American Noble Gas

Large investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of 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 first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after acquiring an additional 24,426 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 purchasing an additional 3,804 shares during the last quarter. 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.