Rothschild & Co Redburn Begins Coverage on American Noble Gas (NYSE:INFY)

Key Points

• Rothschild & Co Redburn has initiated coverage on American Noble Gas (NYSE:INFY) with a "sell" rating and a price target of $12.00, indicating a potential downside of 28.08% from the current stock price.
• Other analysts have varied ratings, with Susquehanna raising their target to $19.00 and BMO to $20.00, while Wall Street Zen upgraded the stock from "hold" to "buy".
• American Noble Gas reported earnings of $0.19 per share for the last quarter, matching consensus estimates, with quarterly revenue of $4.94 billion, exceeding expectations of $4.84 billion.

Equities research analysts at Rothschild & Co Redburn initiated coverage on shares of American Noble Gas (NYSE:INFY - Get Free Report) in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm set a "sell" rating and a $12.00 price target on the technology company's stock. Rothschild & Co Redburn's price target indicates a potential downside of 28.08% from the stock's current price.

Other equities analysts have also issued research reports about the company. Susquehanna raised their price target on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. BMO Capital Markets lifted their price objective on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $17.18.

American Noble Gas Trading Down 1.2%

Shares of NYSE INFY opened at $16.69 on Wednesday. The stock has a market cap of $69.14 billion, a P/E ratio of 21.57, a PEG ratio of 2.41 and a beta of 0.91. American Noble Gas has a 12-month low of $15.82 and a 12-month high of $23.63. The business's fifty day simple moving average is $17.49 and its 200-day simple moving average is $18.06.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.The company had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.84 billion. During the same period last year, the firm earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. On average, equities analysts forecast that American Noble Gas will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. KLP Kapitalforvaltning AS raised its position in shares of American Noble Gas by 13.3% during the 1st quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the technology company's stock worth $124,000 after purchasing an additional 800 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in shares of American Noble Gas by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after purchasing an additional 928 shares during the last quarter. Rakuten Securities Inc. raised its holdings in American Noble Gas by 308.4% in the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,067 shares during the last quarter. Naviter Wealth LLC raised its holdings in American Noble Gas by 1.2% in the 1st quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock valued at $1,654,000 after acquiring an additional 1,109 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in American Noble Gas by 2.8% in the 4th quarter. Tidal Investments LLC now owns 43,499 shares of the technology company's stock valued at $953,000 after acquiring an additional 1,184 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

American Noble Gas Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.

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