Innio (NASDAQ:INIO) Now Covered by Analysts at Piper Sandler

Key Points

• Piper Sandler initiated coverage of Innio with an “overweight” rating and a $21 price target, implying 38.52% upside from the current share price.
• Analyst sentiment is mixed but leans positive: Innio has a “Moderate Buy” consensus rating and an average price target of $35.36, while recent targets and ratings vary widely.
• Innio reported quarterly EPS of $0.15, beating the $0.11 consensus estimate, on revenue of $1.17 billion.

Research analysts at Piper Sandler began coverage on shares of Innio (NASDAQ:INIO - Get Free Report) in a research report issued to clients and investors on Friday, Briefing.com reports. The firm set an "overweight" rating and a $21.00 price target on the stock. Piper Sandler's price objective suggests a potential upside of 38.52% from the stock's current price.

Several other research firms also recently commented on INIO. Royal Bank Of Canada upgraded Innio from a "sector perform" rating to an "outperform" rating and dropped their price objective for the company from $39.00 to $35.00 in a research note on Thursday, July 30th. Citigroup decreased their target price on Innio from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, October 28th. JPMorgan Chase & Co. lowered their target price on Innio from $40.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday, October 19th. Weiss Ratings lowered Innio from a "sell (d)" rating to a "sell (d-)" rating in a research note on Wednesday, October 14th. Finally, BNP Paribas Exane dropped their price target on Innio from $43.00 to $35.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $35.36.

Innio Stock Up 0.4%

Shares of INIO stock opened at $15.16 on Friday. The company has a debt-to-equity ratio of 7.50, a quick ratio of 0.80 and a current ratio of 1.27. Innio has a 52 week low of $12.95 and a 52 week high of $42.95. The stock has a 50-day moving average of $17.94.

Innio (NASDAQ:INIO - Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.04. Innio had a net margin of 2.71% and a return on equity of 63.87%. The firm had revenue of $1.17 billion during the quarter. Research analysts expect that Innio will post 0.40 earnings per share for the current year.

Institutional Trading of Innio

Institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC bought a new position in Innio in the 3rd quarter worth approximately $43,000. Chicago Partners Investment Group LLC bought a new stake in Innio during the 3rd quarter valued at $157,000. AlphaGrep UK Ltd purchased a new stake in shares of Innio during the third quarter worth $345,000. Wellington Management Group LLP purchased a new stake in shares of Innio during the second quarter worth $1,117,000. Finally, Troluce Capital Advisors LLC purchased a new stake in shares of Innio during the second quarter worth $1,483,000.

Innio Company Profile

INNIO Group is an energy technology company that designs and manufactures reciprocating gas engines and related power generation and compression systems. Its products are marketed under the Jenbacher and Waukesha brands, alongside digital monitoring, maintenance and service offerings. The company's equipment is used in applications including onsite and distributed power generation, industrial operations and gas compression. INNIO supports customers in markets around the world and offers solutions designed to operate with fuels such as natural gas and biogas.

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