American Noble Gas Inc. (NYSE:INFY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of American Noble Gas Inc. (NYSE:INFY) have been given an average recommendation of “Hold” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.8871.

INFY has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. Jefferies Financial Group cut 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 report on Monday. TD Cowen lifted their target price on shares of American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 15th. Stifel Nicolaus cut their price target on shares of American Noble Gas from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th. Finally, BMO Capital Markets raised their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, January 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INFY. NewEdge Advisors LLC raised its position in American Noble Gas by 79.9% during the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after buying an additional 24,426 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of American Noble Gas in the 1st quarter valued at about $239,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of American Noble Gas by 6.4% in 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 in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

American Noble Gas Stock Performance

NYSE INFY opened at $13.92 on Tuesday. The stock has a market capitalization of $56.33 billion, a P/E ratio of 18.08, a P/E/G ratio of 2.18 and a beta of 0.98. American Noble Gas has a 1 year low of $13.77 and a 1 year high of $30.00. The business’s fifty day moving average is $17.50 and its two-hundred day moving average is $17.14.

American Noble Gas (NYSE:INFY) last released its quarterly earnings data on Wednesday, January 14th. The technology company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.11 billion. American Noble Gas had a return on equity of 30.60% and a net margin of 16.16%. On average, research analysts forecast that American Noble Gas will post 0.74 earnings per share for the current year.

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.