Innovex International, Inc. (NYSE:INVX) Receives Consensus Rating of “Buy” from Brokerages

Shares of Innovex International, Inc. (NYSE:INVX) have been given a consensus rating of “Buy” by the five ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $20.00.

A number of analysts recently issued reports on INVX shares. Piper Sandler boosted their price target on Innovex International from $20.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Innovex International in a research report on Monday, December 29th.

Innovex International Trading Up 0.7%

INVX stock opened at $23.51 on Friday. Innovex International has a 12 month low of $11.93 and a 12 month high of $24.34. The firm’s 50-day moving average is $22.07 and its 200 day moving average is $18.89. The company has a market capitalization of $1.62 billion, a PE ratio of 15.99 and a beta of 0.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.78 and a quick ratio of 2.93.

Innovex International (NYSE:INVX) last released its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $87.23 million during the quarter. Innovex International had a net margin of 10.59% and a return on equity of 8.51%.

Institutional Trading of Innovex International

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Innovex International by 31.2% in the third quarter. Smartleaf Asset Management LLC now owns 2,151 shares of the company’s stock worth $40,000 after acquiring an additional 511 shares during the period. Lesa Sroufe & Co raised its holdings in shares of Innovex International by 0.5% in the 3rd quarter. Lesa Sroufe & Co now owns 114,980 shares of the company’s stock valued at $2,132,000 after purchasing an additional 561 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Innovex International by 4.4% in the 2nd quarter. Intech Investment Management LLC now owns 23,452 shares of the company’s stock worth $366,000 after purchasing an additional 978 shares during the period. Arizona State Retirement System lifted its position in shares of Innovex International by 10.9% in the 3rd quarter. Arizona State Retirement System now owns 11,226 shares of the company’s stock worth $208,000 after purchasing an additional 1,104 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Innovex International by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company’s stock valued at $379,000 after purchasing an additional 1,467 shares in 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.