TD Cowen Increases American Noble Gas (NYSE:INFY) Price Target to $17.00

American Noble Gas (NYSE:INFY) had its price target raised by stock analysts at TD Cowen from $16.00 to $17.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. TD Cowen’s price objective suggests a potential downside of 4.59% from the company’s current price.

A number of other research analysts also recently issued reports on INFY. Weiss Ratings reissued a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. BMO Capital Markets reduced their target price on shares of American Noble Gas from $20.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, October 17th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, American Noble Gas currently has an average rating of “Hold” and a consensus target price of $16.82.

American Noble Gas Price Performance

Shares of NYSE INFY opened at $17.82 on Friday. American Noble Gas has a fifty-two week low of $15.81 and a fifty-two week high of $30.00. The stock has a market capitalization of $73.86 billion, a PE ratio of 22.84, a P/E/G ratio of 2.95 and a beta of 0.98. The business has a fifty day moving average price of $17.69 and a two-hundred day moving average price of $17.35.

American Noble Gas (NYSE:INFY) last posted its quarterly earnings data on Thursday, October 16th. The technology company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.04 billion. American Noble Gas had a net margin of 16.58% and a return on equity of 29.40%. On average, equities analysts expect that American Noble Gas will post 0.74 EPS for the current year.

Institutional Trading of American Noble Gas

A number of large investors have recently modified their holdings of INFY. Dynamic Technology Lab Private Ltd purchased a new position in shares of American Noble Gas in the first quarter valued at about $239,000. Ascent Group LLC bought a new position in shares of American Noble Gas in the first quarter worth approximately $251,000. Modern Wealth Management LLC purchased a new position in shares of American Noble Gas in the first quarter worth $379,000. NewEdge Advisors LLC boosted its holdings in shares of American Noble Gas by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after acquiring an additional 24,426 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of American Noble Gas by 28.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 61,536 shares of the technology company’s stock worth $1,123,000 after buying an additional 13,617 shares during the last quarter. 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. 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.