BMO Capital Markets Lowers American Noble Gas (NYSE:INFY) Price Target to $18.00

Key Points

• BMO Capital Markets has lowered the price target for American Noble Gas (NYSE:INFY) from $20.00 to $18.00, maintaining a "market perform" rating.
• The stock's current price reflects a potential upside of 12.01% based on BMO's revised target, while the consensus target price among analysts is $16.78.
• As of now, American Noble Gas has an average rating of "Hold," with varied ratings from analysts, including a "Strong Buy," "Buy," and "Sell."

American Noble Gas (NYSE:INFY - Get Free Report) had its price objective decreased by analysts at BMO Capital Markets from $20.00 to $18.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "market perform" rating on the technology company's stock. BMO Capital Markets' target price suggests a potential upside of 12.01% from the company's current price.

A number of other brokerages have also recently commented on INFY. Susquehanna lifted their target price on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn started coverage on American Noble Gas in a report on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 price objective on the stock. Rothschild Redb upgraded American Noble Gas to a "strong sell" rating in a report on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Noble Gas in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $16.78.

American Noble Gas Stock Down 2.3%

INFY opened at $16.07 on Friday. The business's fifty day simple moving average is $16.73 and its 200 day simple moving average is $17.45. American Noble Gas has a 52 week low of $15.81 and a 52 week high of $23.63. The stock has a market cap of $66.61 billion, a PE ratio of 20.87, a P/E/G ratio of 2.80 and a beta of 0.95.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Thursday, October 16th. The technology company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%. American Noble Gas has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that American Noble Gas will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Modern Wealth Management LLC purchased a new stake in shares of American Noble Gas in the 1st quarter worth about $379,000. Strs Ohio purchased a new position in shares of American Noble Gas during the 1st quarter worth approximately $3,662,000. Acadian Asset Management LLC raised its position in shares of American Noble Gas by 39.7% in the 1st quarter. Acadian Asset Management LLC now owns 26,437,188 shares of the technology company's stock worth $482,427,000 after acquiring an additional 7,514,613 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of American Noble Gas by 28.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 61,536 shares of the technology company's stock valued at $1,123,000 after purchasing an additional 13,617 shares during the period. Finally, Bayforest Capital Ltd lifted its position in American Noble Gas by 290.1% during the first quarter. Bayforest Capital Ltd now owns 55,746 shares of the technology company's stock valued at $1,017,000 after buying an additional 41,454 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

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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