American Noble Gas Inc. (NYSE:INFY) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• American Noble Gas Inc. (NYSE:INFY) has received a consensus rating of "Moderate Buy" from ten analysts, with an average 1-year target price of $18.4750.
• The stock experienced a slight decline of 0.4% and opened at $16.01, with a 52-week low of $15.82 and a high of $23.63.
• Recent institutional activity includes significant purchases by various investors, highlighting a growing interest in the stock, which is now 16.20% owned by institutional investors.

American Noble Gas Inc. (NYSE:INFY - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $18.4750.

A number of brokerages have recently issued reports on INFY. Stifel Nicolaus cut their target price on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group downgraded American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 target price on the stock. in a report on Monday, April 21st. BMO Capital Markets lifted their target price on American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. 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 0.4%

American Noble Gas stock opened at $16.01 on Friday. The firm has a fifty day moving average of $18.05 and a 200-day moving average of $18.71. American Noble Gas has a 52-week low of $15.82 and a 52-week high of $23.63. The firm has a market capitalization of $66.32 billion, a P/E ratio of 20.79, a PEG ratio of 2.30 and a beta of 0.87.

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 the consensus estimate of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the prior year, the business earned $15.35 earnings per share. On average, research analysts expect that American Noble Gas will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in INFY. Modern Wealth Management LLC bought a new position in American Noble Gas in the 1st quarter worth approximately $379,000. Strs Ohio acquired a new stake in shares of American Noble Gas in the first quarter worth $3,662,000. Acadian Asset Management LLC grew its stake in shares of American Noble Gas by 39.7% in the first quarter. Acadian Asset Management LLC now owns 26,437,188 shares of the technology company's stock worth $482,427,000 after acquiring an additional 7,514,613 shares during the last quarter. Geneos Wealth Management Inc. increased its position in American Noble Gas by 28.4% during the first quarter. Geneos Wealth Management Inc. now owns 61,536 shares of the technology company's stock worth $1,123,000 after acquiring an additional 13,617 shares during the period. Finally, Bayforest Capital Ltd raised its stake in American Noble Gas by 290.1% during the 1st quarter. Bayforest Capital Ltd now owns 55,746 shares of the technology company's stock valued at $1,017,000 after purchasing an additional 41,454 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

American Noble Gas Company Profile

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.

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