Stifel Nicolaus Lowers American Noble Gas (NYSE:INFY) Price Target to $17.00

American Noble Gas (NYSE:INFY) had its price objective lowered by equities researchers at Stifel Nicolaus from $19.00 to $17.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 16.63% from the stock’s previous close.

A number of other brokerages have also recently weighed in on INFY. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a research report on Monday, December 29th. TD Cowen raised their price objective on American Noble Gas from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 15th. Finally, 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 report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.32.

American Noble Gas Stock Performance

NYSE:INFY opened at $14.58 on Wednesday. The company has a market capitalization of $58.97 billion, a P/E ratio of 18.93, a P/E/G ratio of 2.24 and a beta of 0.98. The stock’s 50 day moving average price is $17.64 and its 200 day moving average price is $17.15. American Noble Gas has a 52 week low of $14.19 and a 52 week high of $30.00.

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

Institutional Trading of American Noble Gas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new position in American Noble Gas in the 1st quarter worth approximately $239,000. NewEdge Advisors LLC grew its stake 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 acquiring an additional 24,426 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of American Noble Gas by 6.4% in 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 acquiring an additional 3,804 shares during the last quarter. Institutional investors and hedge funds 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.