BMO Capital Markets Issues Positive Forecast for American Noble Gas (NYSE:INFY) Stock Price

American Noble Gas (NYSE:INFY - Get Free Report) had its price objective boosted by investment analysts at BMO Capital Markets from $18.00 to $20.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "market perform" rating on the technology company's stock. BMO Capital Markets' price target suggests a potential upside of 12.64% from the stock's previous close.

Other equities analysts have also recently issued reports about the company. Susquehanna upped their price objective on American Noble Gas from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Stifel Nicolaus reduced their price objective on American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group lowered American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a research report on Monday, April 21st. Finally, Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, American Noble Gas has a consensus rating of "Moderate Buy" and an average price target of $18.48.

American Noble Gas Stock Down 3.8%

Shares of NYSE INFY traded down $0.70 during trading on Thursday, reaching $17.76. The company had a trading volume of 4,721,907 shares, compared to its average volume of 11,729,224. The company's fifty day moving average price is $18.39 and its 200-day moving average price is $19.14. American Noble Gas has a 12 month low of $15.82 and a 12 month high of $23.63. The stock has a market cap of $73.57 billion, a P/E ratio of 23.36, a PEG ratio of 2.75 and a beta of 0.97.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. The business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same period in the prior year, the company earned $15.35 earnings per share. As a group, equities analysts predict that American Noble Gas will post 0.74 earnings per share for the current year.

Institutional Trading of American Noble Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rakuten Securities Inc. grew its position in shares of American Noble Gas by 308.4% during 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. raised its stake in shares of American Noble Gas by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after purchasing an additional 928 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of American Noble Gas during the 1st quarter worth approximately $32,000. Cullen Frost Bankers Inc. bought a new stake in shares of American Noble Gas during the 1st quarter worth approximately $57,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of American Noble Gas during the 1st quarter worth approximately $86,000. 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.

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