American Noble Gas (NYSE:INFY) Price Target Cut to $15.00 by Analysts at TD Cowen

American Noble Gas (NYSE:INFY) had its price objective lowered by TD Cowen from $16.00 to $15.00 in a research note released on Monday,Benzinga reports. TD Cowen currently has a hold rating on the technology company’s stock.

A number of other brokerages have also weighed in on INFY. Jefferies Financial Group lowered shares of American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 target price on the stock. in a research report on Monday, February 23rd. BMO Capital Markets raised 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 report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of American Noble Gas in a research report on Monday, December 29th. Finally, Stifel Nicolaus cut their target price on shares of American Noble Gas from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.46.

American Noble Gas Trading Down 0.3%

NYSE INFY opened at $13.71 on Monday. The firm has a market capitalization of $55.45 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 1.75 and a beta of 1.00. The firm’s 50 day simple moving average is $14.67 and its 200 day simple moving average is $16.47. American Noble Gas has a 1 year low of $12.57 and a 1 year high of $30.00.

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

Institutional Trading of American Noble Gas

Hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new position in shares of American Noble Gas during the first quarter valued at $239,000. NewEdge Advisors LLC raised its stake 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 valued at $1,003,000 after acquiring an additional 24,426 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 valued at $1,153,000 after acquiring an additional 3,804 shares during the last quarter. Institutional investors and hedge funds 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.