Innio N.V. (NASDAQ:INIO) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Innio a “Moderate Buy”: seven analysts recommend buying the stock, one rates it a strong buy, three recommend holding, and one recommends selling. The average 12-month price target is $42.90.
• Recent coverage includes bullish ratings from Morgan Stanley and UBS, both with $47 targets, while Deutsche Bank assigned a hold rating with a $41 target and Goldman Sachs issued a buy rating with a $42 target.
• Innio reported quarterly EPS of $0.08, exceeding the $0.05 consensus estimate, on revenue of $937.7 million. Shares opened at $20.35, near their 52-week low of $19.04.

Shares of Innio N.V. (NASDAQ:INIO - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twelve ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $42.90.

A number of research analysts have issued reports on the stock. Zacks Research raised shares of Innio to a "hold" rating in a research report on Tuesday, June 30th. Morgan Stanley began coverage on shares of Innio in a research report on Monday, June 29th. They issued an "overweight" rating and a $47.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Innio in a research report on Monday, June 29th. They set a "hold" rating and a $41.00 price target on the stock. UBS Group initiated coverage on shares of Innio in a research note on Monday, June 29th. They issued a "buy" rating and a $47.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Innio in a report on Monday, June 29th. They issued a "buy" rating and a $42.00 price objective for the company.

Innio Price Performance

NASDAQ INIO opened at $20.35 on Friday. Innio has a fifty-two week low of $19.04 and a fifty-two week high of $42.95. The stock has a 50 day simple moving average of $25.86.

Innio (NASDAQ:INIO - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The business had revenue of $937.70 million for the quarter. As a group, research analysts expect that Innio will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in Innio in the second quarter worth $1,117,000. Troluce Capital Advisors LLC purchased a new position in Innio during the second quarter valued at $1,483,000. WINTON GROUP Ltd purchased a new position in Innio during the second quarter valued at $2,990,000. Readystate Asset Management LP bought a new stake in shares of Innio during the 2nd quarter valued at $3,975,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Innio during the 2nd quarter valued at $13,842,000.

About Innio

INNIO Group is an energy technology company that develops and provides power generation and gas compression solutions. Its principal product lines are marketed under the Jenbacher and Waukesha brands, which serve distributed power generation, combined heat and power, and industrial and commercial energy applications.

The company manufactures gas engines and related systems designed to operate on fuels including natural gas, biogas, landfill gas and hydrogen blends. Its offerings also include microgrid and energy-management solutions, aftermarket services, parts and maintenance, and digital monitoring through its myPlant platform.

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