Rothschild Redb Upgrades American Noble Gas (NYSE:INFY) to Strong Sell

Key Points

• Rothschild Redb has upgraded American Noble Gas (NYSE:INFY) to a "strong sell" rating, indicating a pessimistic outlook for the stock.
• Despite the downgrade, a mix of other analysts have rated the stock, with a consensus target price of $17.18 and an average rating of "Hold."
• American Noble Gas recently reported $4.94 billion in revenue for the quarter, exceeding analyst estimates, while also posting earnings per share of $0.19, meeting expectations.

American Noble Gas (NYSE:INFY - Get Free Report) was upgraded by equities researchers at Rothschild Redb to a "strong sell" rating in a note issued to investors on Wednesday,Zacks.com reports.

INFY has been the subject of a number of other reports. Susquehanna upped their price objective on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. BMO Capital Markets upped 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 research note on Thursday, July 24th. Rothschild & Co Redburn initiated coverage on shares of American Noble Gas in a research note on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 price objective for the company. Finally, Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $17.18.

American Noble Gas Stock Performance

INFY stock traded up $0.42 during mid-day trading on Wednesday, reaching $16.80. 25,381,404 shares of the stock traded hands, compared to its average volume of 13,051,786. American Noble Gas has a one year low of $15.82 and a one year high of $23.63. The stock has a market capitalization of $69.62 billion, a PE ratio of 21.81, a PEG ratio of 2.34 and a beta of 0.91. The business has a 50-day moving average price of $17.37 and a two-hundred day moving average price of $17.93.

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 for the quarter, meeting analysts' consensus estimates of $0.19. The business had revenue of $4.94 billion for the quarter, compared to analysts' expectations 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 business posted $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. On average, equities analysts expect that American Noble Gas will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Noble Gas

Large investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. raised its position in American Noble Gas by 308.4% during the first 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. raised its position in American Noble Gas by 179.8% during the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after acquiring an additional 928 shares during the period. Wayfinding Financial LLC acquired a new position in American Noble Gas during the first quarter worth $32,000. Cullen Frost Bankers Inc. acquired a new position in American Noble Gas during the first quarter worth $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in American Noble Gas during the first quarter worth $86,000. 16.20% of the stock is currently 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.