Innovex International, Inc. (NYSE:INVX) Stock Has Average Price Target of $32.80 According to Analysts

Innovex International, Inc. (NYSE:INVX) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $32.80.

INVX has been the topic of a number of analyst reports. Weiss Ratings lowered Innovex International from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday. JPMorgan Chase & Co. began coverage on Innovex International in a report on Tuesday, October 27th. They issued a “neutral” rating and a $33.00 price target for the company. Citigroup increased their price target on Innovex International from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Barclays raised their price objective on Innovex International from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen downgraded Innovex International from a “buy” rating to a “hold” rating in a report on Monday, August 17th.

Institutional Trading of Innovex International

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Innovex International during the 2nd quarter worth $160,389,000. Bank of America Corp DE acquired a new stake in shares of Innovex International during the second quarter worth $16,540,000. William Blair Investment Management LLC acquired a new stake in shares of Innovex International during the second quarter worth $11,492,000. Heartland Advisors Inc. bought a new position in shares of Innovex International in the 2nd quarter worth about $11,020,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Innovex International by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,646,376 shares of the company’s stock worth $64,544,000 after buying an additional 335,839 shares during the last quarter.

Innovex International Trading Down 1.6%

INVX opened at $24.91 on Wednesday. The firm’s 50 day moving average is $28.35 and its 200-day moving average is $27.17. Innovex International has a 52-week low of $19.91 and a 52-week high of $33.71. The company has a quick ratio of 2.80, a current ratio of 4.43 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.75 billion, a P/E ratio of 36.11 and a beta of 0.98.

Innovex International (NYSE:INVX) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $265.05 million for the quarter, compared to analyst estimates of $265.64 million. Innovex International had a net margin of 4.75% and a return on equity of 8.29%. Analysts expect that Innovex International will post 1.48 EPS for the current fiscal year.

Innovex International Company Profile

Innovex International designs and manufactures equipment and technologies used in the construction, completion and production of oil and natural gas wells. Its offerings include wellhead and subsea systems, drilling and completion equipment, downhole tools, and products used to connect and support well operations. The company was formed through the combination of Dril-Quip and Innovex Downhole Solutions, which joined in 2025. Innovex serves energy customers in major oil and gas regions around the world, with products and services intended for both onshore and offshore operations.