Innovex International, Inc. (NYSE:INVX) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts give Innovex International a “Moderate Buy” consensus, based on seven ratings: four holds, two buys, and one strong buy. The average 12-month price target is $32.80.
• Recent analyst views were mixed: Citigroup raised its target to $36 and maintained a buy rating, while Weiss Ratings and Wall Street Zen downgraded the stock to hold.
• Innovex reported quarterly EPS of $0.37, below the $0.39 consensus, and revenue of $265.05 million, slightly under expectations.

Shares of Innovex International, Inc. (NYSE:INVX - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $32.80.

A number of equities analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Innovex International from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, August 26th. Weiss Ratings lowered shares of Innovex International from a "buy (b-)" rating to a "hold (c)" rating in a research report on Monday. JPMorgan Chase & Co. assumed coverage on shares of Innovex International in a research note on Tuesday, October 27th. They issued a "neutral" rating and a $33.00 target price for the company. Barclays boosted their price target on Innovex International from $26.00 to $27.00 and gave the company an "equal weight" rating in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered Innovex International from a "buy" rating to a "hold" rating in a research note on Monday, August 17th.

Innovex International Price Performance

Shares of INVX opened at $24.91 on Wednesday. The stock's 50 day moving average is $28.35 and its two-hundred day moving average is $27.17. The firm has a market capitalization of $1.75 billion, a PE ratio of 36.11 and a beta of 0.98. The company has a current ratio of 4.43, a quick ratio of 2.80 and a debt-to-equity ratio of 0.02. Innovex International has a twelve month low of $19.91 and a twelve month high of $33.71.

Innovex International (NYSE:INVX - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Innovex International had a return on equity of 8.29% and a net margin of 4.75%. The firm had revenue of $265.05 million for the quarter, compared to analysts' expectations of $265.64 million. Research analysts anticipate that Innovex International will post 1.48 earnings per share for the current year.

Hedge Funds Weigh In On Innovex International

Institutional investors have recently added to or reduced their stakes in the business. Freestone Grove Partners LP acquired a new stake in Innovex International in the 2nd quarter worth about $43,000. USA Financial Formulas purchased a new position in shares of Innovex International during the 1st quarter worth about $53,000. Global Retirement Partners LLC purchased a new position in shares of Innovex International during the 2nd quarter worth about $122,000. Simplex Trading LLC boosted its holdings in shares of Innovex International by 15,240.4% in the 3rd quarter. Simplex Trading LLC now owns 7,977 shares of the company's stock valued at $216,000 after purchasing an additional 7,925 shares during the last quarter. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Innovex International during the 3rd quarter valued at $217,000.

About Innovex International

Innovex International designs and manufactures equipment and technologies used in the construction, completion and production of oil and natural gas wells. Its offerings include wellhead and subsea systems, drilling and completion equipment, downhole tools, and products used to connect and support well operations. The company was formed through the combination of Dril-Quip and Innovex Downhole Solutions, which joined in 2025. Innovex serves energy customers in major oil and gas regions around the world, with products and services intended for both onshore and offshore operations.

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