Innovex International (NYSE:INVX) Coverage Initiated at Piper Sandler

Stock analysts at Piper Sandler started coverage on shares of Innovex International (NYSE:INVX - Get Free Report) in a research note issued on Tuesday, MarketBeat reports. The brokerage set an "overweight" rating and a $20.00 price target on the stock. Piper Sandler's price objective indicates a potential upside of 27.47% from the stock's previous close.

Several other equities analysts also recently weighed in on INVX. Johnson Rice upgraded Innovex International to a "strong-buy" rating in a research report on Friday, May 30th. Wall Street Zen cut Innovex International from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Barclays decreased their price target on Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $16.50.

Innovex International Stock Performance

Shares of INVX traded down $0.14 during trading hours on Tuesday, hitting $15.69. The stock had a trading volume of 455,087 shares, compared to its average volume of 415,706. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.34 and a quick ratio of 2.49. Innovex International has a 12 month low of $11.93 and a 12 month high of $19.42. The firm has a market capitalization of $1.08 billion, a PE ratio of 5.99 and a beta of 0.82. The stock has a fifty day moving average price of $15.44 and a 200 day moving average price of $16.09.

Innovex International (NYSE:INVX - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $247.73 million. Innovex International had a return on equity of 7.14% and a net margin of 16.68%.

Institutional Investors Weigh In On Innovex International

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

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.