American Noble Gas (NYSE:INFY) Coverage Initiated at Rothschild & Co Redburn

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 assumed coverage on shares of American Noble Gas (NYSE:INFY - Get Free Report) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set a "sell" rating and a $12.00 price target on the technology company's stock. Rothschild & Co Redburn's target price would suggest a potential downside of 28.38% from the company's current price.

INFY has been the subject of several other reports. BMO Capital Markets increased 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. Susquehanna raised their price objective on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $17.18.

American Noble Gas Stock Performance

American Noble Gas stock traded up $0.38 during mid-day trading on Wednesday, reaching $16.76. The company's stock had a trading volume of 15,368,932 shares, compared to its average volume of 12,986,188. The business's 50 day simple moving average is $17.37 and its 200 day simple moving average is $17.93. American Noble Gas has a 12 month low of $15.82 and a 12 month high of $23.63. The company has a market capitalization of $69.45 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91.

American Noble Gas (NYSE:INFY - Get Free Report) last released its 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 firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same period in the prior year, the company posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that American Noble Gas will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in INFY. KLP Kapitalforvaltning AS raised its holdings in American Noble Gas by 13.3% in the first quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the technology company's stock valued at $124,000 after acquiring an additional 800 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of American Noble Gas by 179.8% in the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after buying an additional 928 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of American Noble Gas by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after buying an additional 1,067 shares during the last quarter. Naviter Wealth LLC raised its position in American Noble Gas by 1.2% in the first quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock worth $1,654,000 after purchasing an additional 1,109 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of American Noble Gas by 2.8% in the fourth 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. Institutional investors and hedge funds own 16.20% of the company's stock.

About American Noble Gas

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.