American Noble Gas Inc. (NYSE:INFY) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Consensus "Hold": Nine analysts rate INFY a consensus Hold (1 sell, 7 hold, 1 buy) with an average 12‑month price target of $16.03.
• Stock and recent results: INFY opened at $13.96 (50‑day SMA $14.18, 200‑day SMA $16.34), has a $56.48B market cap and P/E of 18.13, and reported quarterly EPS of $0.21 (beat by $0.01) while revenue of $5.05B slightly missed estimates.

American Noble Gas Inc. (NYSE:INFY - Get Free Report) has earned an average recommendation of "Hold" from the nine analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $16.03.

A number of equities research analysts recently weighed in on the stock. Susquehanna lowered their price target on shares of American Noble Gas from $20.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday. Jefferies Financial Group lowered 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 report on Monday, February 23rd. TD Cowen decreased their price objective on shares of American Noble Gas from $16.00 to $15.00 and set a "hold" rating for the company in a report on Monday, April 6th. Weiss Ratings reissued a "hold (c)" rating on shares of American Noble Gas in a report on Monday, December 29th. Finally, BMO Capital Markets raised their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Thursday, January 15th.

American Noble Gas Trading Down 0.1%

INFY opened at $13.96 on Wednesday. The company has a fifty day simple moving average of $14.18 and a 200 day simple moving average of $16.34. The firm has a market cap of $56.48 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.79 and a beta of 1.00. American Noble Gas has a twelve month low of $12.57 and a twelve month high of $30.00.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $5.05 billion during 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, analysts forecast that American Noble Gas will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new position in American Noble Gas during the 1st quarter worth $239,000. NewEdge Advisors LLC grew its holdings in American Noble Gas by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company's stock worth $1,003,000 after acquiring an additional 24,426 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in American Noble Gas by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company's stock worth $1,153,000 after acquiring an additional 3,804 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

About American Noble Gas

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.

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