Susquehanna Issues Positive Forecast for American Noble Gas (NYSE:INFY) Stock Price

American Noble Gas (NYSE:INFY - Get Free Report) had its price target lifted by analysts at Susquehanna from $18.00 to $19.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. Susquehanna's price target points to a potential upside of 7.01% from the company's previous close.

INFY has been the subject of several other research reports. Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Investec raised shares of American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. BMO Capital Markets upped their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday. Stifel Nicolaus dropped their price target on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Finally, The Goldman Sachs Group lowered shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a research note on Monday, April 21st. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.48.

American Noble Gas Stock Performance

Shares of American Noble Gas stock traded down $0.70 on Thursday, hitting $17.76. The company had a trading volume of 4,721,907 shares, compared to its average volume of 11,729,224. The stock has a market capitalization of $73.57 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 2.75 and a beta of 0.97. American Noble Gas has a 1 year low of $15.82 and a 1 year high of $23.63. The stock has a 50 day moving average of $18.39 and a 200-day moving average of $19.14.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the prior year, the business earned $15.35 EPS. Equities analysts anticipate that American Noble Gas will post 0.74 earnings per share for the current year.

Institutional Trading of American Noble Gas

Several institutional investors and hedge funds have recently modified their holdings of the business. New Vernon Capital Holdings II LLC raised its position in shares of American Noble Gas by 1,998.6% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 12,617,101 shares of the technology company's stock worth $230,262,000 after buying an additional 12,015,884 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of American Noble Gas by 39.7% during the 1st quarter. Acadian Asset Management LLC now owns 26,437,188 shares of the technology company's stock worth $482,427,000 after acquiring an additional 7,514,613 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of American Noble Gas by 270.9% in the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock valued at $200,877,000 after buying an additional 6,693,127 shares in the last quarter. Sustainable Growth Advisers LP boosted its position in shares of American Noble Gas by 50.2% in the first quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company's stock valued at $271,515,000 after acquiring an additional 4,970,664 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in American Noble Gas by 118.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock valued at $173,437,000 after acquiring an additional 4,296,291 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

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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