American Noble Gas Inc. (NYSE:INFY) Given Consensus Rating of “Hold” by Analysts

American Noble Gas Inc. (NYSE:INFY) has received a consensus rating of “Hold” from the ten brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.8871.

Several brokerages have weighed in on INFY. BMO Capital Markets boosted their price objective 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. Stifel Nicolaus lowered their price target on shares of American Noble Gas from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. Jefferies Financial Group lowered shares of American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 price objective on the stock. in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. Finally, TD Cowen lifted their target price on shares of American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 15th.

Institutional Investors Weigh In On American Noble Gas

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake in American Noble Gas by 79.9% in the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after buying an additional 24,426 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of American Noble Gas in the 1st quarter valued at about $239,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of American Noble Gas by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after acquiring an additional 3,804 shares during the period. Institutional investors own 16.20% of the company’s stock.

American Noble Gas Stock Down 5.0%

Shares of NYSE:INFY opened at $13.92 on Tuesday. The firm has a fifty day moving average of $17.50 and a two-hundred day moving average of $17.14. American Noble Gas has a 12-month low of $13.77 and a 12-month high of $30.00. The firm has a market capitalization of $56.33 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 2.18 and a beta of 0.98.

American Noble Gas (NYSE:INFY) last released its earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.11 billion. Equities research analysts expect that American Noble Gas will post 0.74 earnings per share for the current fiscal year.

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.