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

Shares of American Noble Gas Inc. (NYSE:INFY) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $16.8871.

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. TD Cowen increased their price target on American Noble Gas from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 15th. Jefferies Financial Group downgraded American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 price objective for the company. in a research report on Monday, February 23rd. BMO Capital Markets lifted their price objective on 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. Finally, Stifel Nicolaus reduced their target price on American Noble Gas from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th.

Institutional Investors Weigh In On American Noble Gas

Institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 buying an additional 3,804 shares during the last quarter. NewEdge Advisors LLC boosted 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 acquiring an additional 24,426 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in American Noble Gas during the 1st quarter worth about $239,000. 16.20% of the stock is owned by institutional investors.

American Noble Gas Stock Performance

Shares of NYSE INFY opened at $13.13 on Friday. The firm has a 50 day moving average price of $15.78 and a two-hundred day moving average price of $16.76. The stock has a market cap of $53.10 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.95 and a beta of 1.01. American Noble Gas has a 52-week low of $12.57 and a 52-week high of $30.00.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings results on Wednesday, January 14th. The technology company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.11 billion. Analysts predict that American Noble Gas will post 0.74 earnings per share for the current fiscal 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.