Brokerages Set American Noble Gas Inc. (NYSE:INFY) PT at $16.89

Shares of American Noble Gas Inc. (NYSE:INFY) have received an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $16.8871.

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

American Noble Gas Stock Performance

INFY opened at $13.34 on Friday. The firm has a market cap of $53.95 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.96 and a beta of 1.02. The firm’s 50-day simple moving average is $15.69 and its 200-day simple moving average is $16.73. American Noble Gas has a twelve month low of $12.57 and a twelve month high of $30.00.

American Noble Gas (NYSE:INFY) last released its quarterly earnings results on Wednesday, January 14th. The technology company reported $0.21 EPS for the quarter, beating 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 firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.11 billion. As a group, sell-side analysts anticipate that American Noble Gas will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 valued at $1,153,000 after purchasing an additional 3,804 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of American Noble Gas by 79.9% in the 1st 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. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of American Noble Gas in the 1st quarter valued at $239,000. 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.