Innovex International (NYSE:INVX) Stock Rating Lowered by Wall Street Zen

Innovex International (NYSE:INVX - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Several other equities research analysts have also recently issued reports on the stock. Johnson Rice raised shares of Innovex International to a "strong-buy" rating in a research note on Friday, May 30th. Barclays lowered their price target on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, May 9th.

Innovex International Price Performance

NYSE:INVX traded up $0.55 during trading hours on Friday, reaching $16.21. 673,936 shares of the company were exchanged, compared to its average volume of 416,065. The firm has a market cap of $1.12 billion, a PE ratio of 6.19 and a beta of 0.82. The stock's 50-day moving average is $15.35 and its 200-day moving average is $15.98. The company has a current ratio of 4.34, a quick ratio of 2.49 and a debt-to-equity ratio of 0.02. Innovex International has a twelve month low of $11.93 and a twelve month high of $19.42.

Innovex International (NYSE:INVX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $240.42 million for the quarter, compared to analysts' expectations of $247.73 million. Innovex International had a return on equity of 7.14% and a net margin of 16.68%.

Institutional Trading of Innovex International

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its position in shares of Innovex International by 234.0% during the 1st quarter. US Bancorp DE now owns 1,533 shares of the company's stock valued at $28,000 after acquiring an additional 1,074 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Innovex International by 169.7% in the 1st quarter. GAMMA Investing LLC now owns 2,101 shares of the company's stock valued at $38,000 after purchasing an additional 1,322 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Innovex International by 264.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,375 shares of the company's stock valued at $60,000 after buying an additional 2,450 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Innovex International during the 4th quarter worth approximately $88,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Innovex International by 15.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,880 shares of the company's stock valued at $106,000 after buying an additional 794 shares during the period.

Innovex International Company Profile

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.