Innio (NASDAQ:INIO) Stock Gets Price Target Cut from Citigroup

Innio (NASDAQ:INIO) had its price target decreased by Citigroup from $30.00 to $22.00 in a research report released on Monday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other analysts have also weighed in on the stock. Morgan Stanley initiated coverage on shares of Innio in a research note on Monday, June 29th. They issued an “overweight” rating and a $47.00 price objective for the company. Royal Bank Of Canada raised shares of Innio from a “sector perform” rating to an “outperform” rating and cut their target price for the company from $39.00 to $35.00 in a research report on Thursday, July 30th. BNP Paribas Exane started coverage on shares of Innio in a report on Monday, June 29th. They issued an “outperform” rating and a $48.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Innio in a report on Monday, June 29th. They issued a “hold” rating and a $41.00 price target for the company. Finally, Robert W. Baird set a $37.00 price target on shares of Innio in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Innio currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Innio Trading Down 9.9%

Shares of INIO stock opened at $16.50 on Monday. Innio has a twelve month low of $16.36 and a twelve month high of $42.95. The stock has a market cap of $12.38 billion and a PE ratio of 206.25. The stock has a fifty day moving average price of $21.43. The company has a quick ratio of 0.79, a current ratio of 1.25 and a debt-to-equity ratio of 11.90.

Innio (NASDAQ:INIO) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $937.70 million for the quarter. Research analysts predict that Innio will post 0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dragoneer Investment Group LLC purchased a new position in shares of Innio in the 2nd quarter valued at $112,718,000. Value Aligned Research Advisors LLC bought a new position in shares of Innio in the 2nd quarter worth $53,605,000. Junto Capital Management LP purchased a new stake in shares of Innio during the 2nd quarter worth $26,193,000. Squarepoint Ops LLC purchased a new stake in shares of Innio during the 2nd quarter worth $13,842,000. Finally, HBK Investments L P purchased a new stake in shares of Innio during the 2nd quarter worth $6,031,000.

Innio Company Profile

INNIO Group Holding GmbH develops and provides energy solutions for power generation and compression applications. Its portfolio includes gas engines, combined heat and power systems, distributed energy systems, and related equipment and services designed for industrial, commercial, utility, and infrastructure customers.

The company operates through its Jenbacher and Waukesha brands. Jenbacher products are used for distributed power generation, cogeneration, renewable-gas applications, and energy-transition projects, while Waukesha products primarily serve natural-gas engine applications, including power generation and mechanical-drive systems for the oil and gas industry.