American Noble Gas Inc. (NYSE:INFY) Receives Average Rating of “Hold” from Brokerages

American Noble Gas Inc. (NYSE:INFY) has been given a consensus recommendation of “Hold” by the ten research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.65.

INFY has been the subject of a number of analyst reports. TD Cowen lifted their price objective on American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. BMO Capital Markets boosted their target price 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. Finally, Stifel Nicolaus increased their price target on shares of American Noble Gas from $16.50 to $19.00 and gave the company a “hold” rating in a research report on Thursday, January 15th.

Institutional Investors Weigh In On American Noble Gas

Hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of American Noble Gas by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after purchasing an additional 3,804 shares in the last quarter. NewEdge Advisors LLC raised its stake in American Noble Gas by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after buying an additional 24,426 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in American Noble Gas during the first quarter worth about $239,000. 16.20% of the stock is currently owned by institutional investors and hedge funds.

American Noble Gas Price Performance

Shares of NYSE INFY opened at $17.75 on Friday. American Noble Gas has a fifty-two week low of $15.81 and a fifty-two week high of $30.00. The firm has a market capitalization of $71.81 billion, a P/E ratio of 23.05, a P/E/G ratio of 2.67 and a beta of 0.98. The company’s 50 day simple moving average is $18.13 and its 200 day simple moving average is $17.33.

American Noble Gas (NYSE:INFY) last released its earnings results on Wednesday, January 14th. The technology company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.11 billion. American Noble Gas had a net margin of 16.16% and a return on equity of 30.60%. Sell-side analysts expect that American Noble Gas will post 0.74 EPS for the current fiscal year.

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.