Innovex International (NYSE:INVX) Given Hold (C+) Rating at Weiss Ratings

Innovex International (NYSE:INVX - Get Free Report)'s stock had its "hold (c+)" rating reiterated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other research firms also recently weighed in on INVX. Wall Street Zen downgraded shares of Innovex International from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Piper Sandler initiated coverage on shares of Innovex International in a research report on Tuesday, July 15th. They set an "overweight" rating and a $20.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.50.

Innovex International Stock Performance

NYSE:INVX opened at $19.00 on Wednesday. The company has a market capitalization of $1.31 billion, a PE ratio of 6.57 and a beta of 0.74. The company has a 50 day simple moving average of $17.09 and a two-hundred day simple moving average of $16.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.69 and a current ratio of 4.60. Innovex International has a fifty-two week low of $11.93 and a fifty-two week high of $19.64.

Innovex International (NYSE:INVX - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The business had revenue of $224.23 million during the quarter, compared to the consensus estimate of $230.00 million. Innovex International had a net margin of 16.66% and a return on equity of 8.58%. Innovex International has set its Q3 2025 guidance at EPS.

Institutional Trading of Innovex International

Large investors have recently modified their holdings of the stock. New York State Teachers Retirement System grew its position in shares of Innovex International by 2.3% during the 1st quarter. New York State Teachers Retirement System now owns 61,132 shares of the company's stock worth $1,098,000 after buying an additional 1,399 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Innovex International by 169.7% in the 1st quarter. GAMMA Investing LLC now owns 2,101 shares of the company's stock worth $38,000 after purchasing an additional 1,322 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Innovex International by 5.6% in the 1st quarter. Principal Financial Group Inc. now owns 192,628 shares of the company's stock worth $3,460,000 after purchasing an additional 10,170 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Innovex International by 36.6% in the 1st quarter. Invesco Ltd. now owns 454,050 shares of the company's stock worth $8,155,000 after purchasing an additional 121,582 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Innovex International by 29.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 37,883 shares of the company's stock worth $680,000 after purchasing an additional 8,507 shares in the last quarter.

About Innovex International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.