American Noble Gas (NYSE:INFY) Stock Price Expected to Rise, Susquehanna Analyst Says

American Noble Gas (NYSE:INFY - Get Free Report) had its target price increased by analysts at Susquehanna from $17.00 to $18.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. Susquehanna's price target indicates a potential downside of 1.72% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. BMO Capital Markets cut their target price on American Noble Gas from $25.00 to $18.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Stifel Nicolaus cut their target price on American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Finally, 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 research report on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, American Noble Gas currently has a consensus rating of "Moderate Buy" and an average target price of $17.73.

American Noble Gas Stock Down 0.8%

NYSE INFY traded down $0.16 during trading hours on Friday, reaching $18.32. The company's stock had a trading volume of 1,128,358 shares, compared to its average volume of 9,994,250. American Noble Gas has a 1 year low of $15.82 and a 1 year high of $23.63. The firm's 50-day moving average price is $18.39 and its 200-day moving average price is $19.25. The company has a market capitalization of $75.89 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.78 and a beta of 0.97.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter in the previous year, the company posted $0.23 EPS. Equities research analysts anticipate that American Noble Gas will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On American Noble Gas

Hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. lifted its holdings in shares of American Noble Gas by 308.4% in the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after buying an additional 1,067 shares during the period. Pinnacle Bancorp Inc. lifted its holdings in shares of American Noble Gas by 179.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after buying an additional 928 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of American Noble Gas in the 1st quarter worth $32,000. Cullen Frost Bankers Inc. purchased a new stake in shares of American Noble Gas in the 1st quarter worth $57,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of American Noble Gas by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after buying an additional 1,279 shares during the period. Institutional investors own 16.20% of the company's stock.

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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