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

Key Points

• American Noble Gas Inc. has been given a consensus recommendation of "Moderate Buy" by ten brokerage firms, with a twelve-month target price averaging $18.4750.
• The company reported $0.19 earnings per share for the last quarter, meeting analysts' estimates, and revenues of $4.94 billion, surpassing expectations of $4.84 billion.
• Institutional investors have increased their holdings in American Noble Gas, with notable increases from firms such as Rakuten Securities, which lifted its position by 308.4%.

American Noble Gas Inc. (NYSE:INFY - Get Free Report) has been given a consensus recommendation of "Hold" by the twelve ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.18.

A number of equities research analysts have recently issued reports on INFY shares. BMO Capital Markets upped 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 report on Thursday, July 24th. Rothschild & Co Redburn started coverage on American Noble Gas in a research report on Wednesday. They set a "sell" rating and a $12.00 price target on the stock. Rothschild Redb raised American Noble Gas to a "strong sell" rating in a research report on Wednesday. Susquehanna lifted their target price on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th.

Hedge Funds Weigh In On American Noble Gas

Large investors have recently modified their holdings of the stock. Rakuten Securities Inc. lifted its stake in shares of American Noble Gas by 308.4% during the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after buying an additional 1,067 shares during the last quarter. Pinnacle Bancorp Inc. raised its holdings in American Noble Gas by 179.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after acquiring an additional 928 shares during the period. Wayfinding Financial LLC bought a new position in American Noble Gas in the 1st quarter valued at about $32,000. Cullen Frost Bankers Inc. acquired a new stake in American Noble Gas during the first quarter worth approximately $57,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of American Noble Gas during the first quarter worth approximately $86,000. 16.20% of the stock is owned by institutional investors.

American Noble Gas Trading Down 1.3%

Shares of American Noble Gas stock traded down $0.22 on Tuesday, reaching $16.38. 23,401,898 shares of the company were exchanged, compared to its average volume of 17,525,224. The company has a market capitalization of $67.85 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.34 and a beta of 0.91. American Noble Gas has a one year low of $15.82 and a one year high of $23.63. The company has a 50-day moving average of $17.37 and a 200 day moving average of $17.96.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same period in the previous year, the company earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. Analysts predict that American Noble Gas will post 0.74 earnings per share for the current year.

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.