American Noble Gas (NYSE:INFY) Rating Increased to Strong Sell at Rothschild Redb

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 investment analysts at Rothschild Redb to a "strong sell" rating in a report issued on Wednesday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Rothschild & Co Redburn initiated coverage on American Noble Gas in a research report on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 price target for the company. Susquehanna increased their price objective 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. BMO Capital Markets increased their price objective on 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. Finally, Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, American Noble Gas has a consensus rating of "Hold" and an average target price of $17.18.

American Noble Gas Trading Up 1.3%

INFY stock traded up $0.23 during trading hours on Wednesday, hitting $17.02. 6,750,288 shares of the stock traded hands, compared to its average volume of 13,011,935. American Noble Gas has a one year low of $15.82 and a one year high of $23.63. The company has a market cap of $70.50 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.34 and a beta of 0.91. The stock has a 50-day simple moving average of $17.34 and a 200 day simple moving average of $17.90.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.The business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same quarter last year, the company posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. Analysts forecast 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 have recently made changes to their positions in the company. Bank Pictet & Cie Europe AG raised its stake in shares of American Noble Gas by 71.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company's stock valued at $391,000 after acquiring an additional 7,457 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of American Noble Gas by 48.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 33,415 shares of the technology company's stock valued at $732,000 after acquiring an additional 10,863 shares in the last quarter. Bank of America Corp DE raised its stake in shares of American Noble Gas by 43.1% in the 4th quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock valued at $180,301,000 after acquiring an additional 2,478,093 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in shares of American Noble Gas in the 4th quarter valued at approximately $209,000. Finally, Captrust Financial Advisors raised its stake in shares of American Noble Gas by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock valued at $502,000 after acquiring an additional 1,197 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

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.