Innio N.V. (NASDAQ:INIO) Stock Has Consensus Price Target of $36.80

Key Points

• Analysts maintain a Moderate Buy consensus on Innio, with seven buy ratings, one strong buy, three holds and one sell. The average 12-month price target is $36.80, compared with the stock’s reported $16.30 price.
• Recent analyst actions were mixed: Morgan Stanley raised its target to $42, while JPMorgan lowered its target to $33 and RBC reduced its target to $35 despite upgrading the stock to outperform.
• Innio beat quarterly earnings expectations, reporting $0.15 in EPS versus the $0.11 consensus and $1.17 billion in revenue. Several institutional investors also established new positions during the second quarter.

Shares of Innio N.V. (NASDAQ:INIO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $36.80.

INIO has been the subject of a number of research reports. Weiss Ratings cut Innio from a "sell (d)" rating to a "sell (d-)" rating in a research note on Wednesday, October 14th. JPMorgan Chase & Co. decreased 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. The Goldman Sachs Group restated a "buy" rating and set a $31.00 target price on shares of Innio in a report on Tuesday. Morgan Stanley lifted their target price on Innio from $40.00 to $42.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Royal Bank Of Canada upgraded shares of Innio from a "sector perform" rating to an "outperform" rating and cut their price target for the stock from $39.00 to $35.00 in a research note on Thursday, July 30th.

Institutional Investors Weigh In On Innio

Several large investors have recently added to or reduced their stakes in the business. Dragoneer Investment Group LLC purchased a new position in Innio in the 2nd quarter valued at approximately $112,718,000. Value Aligned Research Advisors LLC acquired a new stake in shares of Innio in the second quarter valued at $53,605,000. Junto Capital Management LP purchased a new position in Innio in the second quarter valued at $26,193,000. Squarepoint Ops LLC purchased a new position in Innio in the second quarter valued at $13,842,000. Finally, HBK Investments L P acquired a new position in Innio during the 2nd quarter worth $6,031,000.

Innio Stock Performance

NASDAQ:INIO opened at $16.30 on Friday. The company has a debt-to-equity ratio of 7.50, a current ratio of 1.27 and a quick ratio of 0.79. The stock has a market cap of $12.22 billion and a PE ratio of 203.75. The business's 50 day moving average is $19.11. Innio has a fifty-two week low of $14.58 and a fifty-two week high of $42.95.

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

Innio Company Profile

INNIO is an energy technology company that provides power-generation and gas-compression solutions for industrial, commercial and utility customers. Its portfolio includes Jenbacher gas engines and Waukesha engines, along with associated equipment, digital tools and long-term service offerings.

The company's solutions are designed for applications including combined heat and power, distributed power generation, microgrids and gas compression. INNIO supports a range of fuel sources, including natural gas, biogas and hydrogen blends, helping customers produce electricity and useful heat while supporting grid reliability and energy-system flexibility.

INNIO was established in 2018 following the acquisition of GE's Distributed Power business by Advent International.

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