Susquehanna Lowers American Noble Gas (NYSE:INFY) Price Target to $16.00

Key Points

• Susquehanna cut its price target on American Noble Gas (NYSE:INFY) from $20.00 to $16.00 and maintained a "neutral" rating, which the report says implies roughly a 14.24% upside from the current price.
• Analyst consensus sits at a Hold (1 Buy, 7 Hold, 1 Sell) with an average price target of $16.03 after recent target and rating moves from TD Cowen, Jefferies, Stifel and BMO.
• The stock traded at $14.01 (50-day MA $14.25, 200-day MA $16.36) with a $56.66B market cap; last quarter EPS was $0.21 (beat by $0.01) while revenue missed estimates slightly.

American Noble Gas (NYSE:INFY - Get Free Report) had its price objective cut by equities research analysts at Susquehanna from $20.00 to $16.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. Susquehanna's price objective suggests a potential upside of 14.24% from the company's current price.

INFY has been the topic of several other reports. TD Cowen reduced their target price on American Noble Gas from $16.00 to $15.00 and set a "hold" rating on the stock in a report on Monday, April 6th. Jefferies Financial Group cut American Noble Gas from a "buy" rating to a "hold" rating and set a $14.31 target price on the stock. in a report on Monday, February 23rd. Stifel Nicolaus reduced their target price on American Noble Gas from $19.00 to $17.00 and set a "hold" rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Noble Gas in a report on Monday, December 29th. Finally, BMO Capital Markets lifted their price target on American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $16.03.

American Noble Gas Stock Performance

Shares of American Noble Gas stock traded up $0.04 during trading hours on Tuesday, hitting $14.01. The company's stock had a trading volume of 1,771,041 shares, compared to its average volume of 16,709,832. The business has a 50 day moving average price of $14.25 and a two-hundred day moving average price of $16.36. American Noble Gas has a 12-month low of $12.57 and a 12-month high of $30.00. The company has a market cap of $56.66 billion, a PE ratio of 18.16, a PEG ratio of 1.70 and a beta of 1.00.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Wednesday, January 14th. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. American Noble Gas had a return on equity of 30.60% and a net margin of 16.16%.The business had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.11 billion. As a group, research analysts anticipate that American Noble Gas will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of American Noble Gas by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company's stock worth $1,153,000 after acquiring an additional 3,804 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of American Noble Gas by 79.9% in the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company's stock worth $1,003,000 after purchasing an additional 24,426 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in American Noble Gas in the 1st quarter worth about $239,000. Institutional investors 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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.

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