American Noble Gas Inc. (NYSE:INFY) Given Consensus Recommendation of "Moderate Buy" 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 earned an average recommendation of "Moderate Buy" from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $18.4750.

A number of analysts have recently weighed in on INFY shares. Susquehanna upped their price target on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. BMO Capital Markets upped their price target 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, July 24th. Finally, Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th.

American Noble Gas Stock Down 1.1%

NYSE INFY opened at $16.81 on Tuesday. The company has a market capitalization of $69.65 billion, a P/E ratio of 21.83, a P/E/G ratio of 2.41 and a beta of 0.91. American Noble Gas has a 12-month low of $15.82 and a 12-month high of $23.63. The firm has a 50-day moving average price of $17.52 and a two-hundred day moving average price of $18.06.

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

Institutional Trading of American Noble Gas

Institutional investors and hedge funds have recently made changes to their positions in the company. Rakuten Securities Inc. lifted its holdings 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 acquiring an additional 1,067 shares during the period. Pinnacle Bancorp Inc. increased its position in American Noble Gas by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after purchasing an additional 928 shares in the last quarter. Wayfinding Financial LLC acquired a new position in American Noble Gas during the 1st quarter worth approximately $32,000. Cullen Frost Bankers Inc. acquired a new position in American Noble Gas during the 1st quarter worth approximately $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in American Noble Gas during the 1st quarter worth approximately $86,000. Institutional investors own 16.20% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.