American Noble Gas (NYSE:INFY) Given New $16.00 Price Target at TD Cowen

Key Points

• TD Cowen has reduced its price target for American Noble Gas (NYSE:INFY) from $17.00 to $16.00, indicating a potential downside of 1.63% from the current price.
• Despite varying opinions from different analysts, the average rating for the stock remains at "Hold" with an average target price of $16.65.
• American Noble Gas reported earnings of $0.20 per share, meeting analysts' expectations, with revenues of $5.08 billion for the last quarter.

American Noble Gas (NYSE:INFY - Get Free Report) had its target price cut by stock analysts at TD Cowen from $17.00 to $16.00 in a report issued on Friday,Benzinga reports. The firm currently has a "hold" rating on the technology company's stock. TD Cowen's price objective would suggest a potential downside of 1.63% from the company's current price.

A number of other research firms also recently commented on INFY. Weiss Ratings reiterated a "hold (c)" rating on shares of American Noble Gas in a research report on Wednesday, October 8th. Rothschild & Co Redburn initiated coverage on shares of American Noble Gas in a research report on Wednesday, September 3rd. They set a "sell" rating and a $12.00 target price on the stock. Susquehanna upped their price objective on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Rothschild Redb upgraded American Noble Gas to a "strong sell" rating in a report on Wednesday, September 3rd. Finally, BMO Capital Markets reduced their target price on American Noble Gas from $20.00 to $18.00 and set a "market perform" rating on the stock in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $16.65.

American Noble Gas Stock Performance

INFY traded up $0.20 during trading on Friday, reaching $16.27. The company's stock had a trading volume of 4,068,445 shares, compared to its average volume of 13,878,337. The company's fifty day moving average price is $16.73 and its 200-day moving average price is $17.45. American Noble Gas has a 52-week low of $15.81 and a 52-week high of $23.63. The company has a market capitalization of $67.42 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 2.80 and a beta of 0.95.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Thursday, October 16th. The technology company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.20. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.04 billion. American Noble Gas has set its FY 2026 guidance at EPS. Equities analysts predict that American Noble Gas will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On American Noble Gas

Several institutional investors and hedge funds have recently bought and sold shares of INFY. Trexquant Investment LP raised its stake in shares of American Noble Gas by 263.1% during the first quarter. Trexquant Investment LP now owns 1,403,219 shares of the technology company's stock valued at $25,609,000 after purchasing an additional 1,016,742 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in shares of American Noble Gas during the first quarter worth approximately $379,000. Principal Financial Group Inc. increased its position in American Noble Gas by 272.8% in the 1st quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company's stock worth $2,782,000 after purchasing an additional 111,553 shares during the last quarter. US Bancorp DE lifted its stake in shares of American Noble Gas by 14.8% in the 1st quarter. US Bancorp DE now owns 322,226 shares of the technology company's stock valued at $5,881,000 after purchasing an additional 41,653 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of American Noble Gas by 32.4% during the 1st quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company's stock worth $109,000 after acquiring an additional 1,455 shares in the last quarter. Institutional investors and hedge funds 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.

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