American Noble Gas Inc. (NYSE:INFY) Receives Consensus Recommendation of “Hold” from Analysts

American Noble Gas Inc. (NYSE:INFY) has earned an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $16.8871.

Several analysts have recently weighed in on INFY shares. Jefferies Financial Group lowered shares of American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 price objective for the company. in a research note on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. TD Cowen raised their price target 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. Stifel Nicolaus decreased 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 note on Wednesday, February 18th. Finally, BMO Capital Markets upped their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, January 15th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 in the last quarter. NewEdge Advisors LLC increased its holdings in shares of American Noble Gas by 79.9% during the first 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of American Noble Gas during the first quarter worth approximately $239,000. 16.20% of the stock is owned by institutional investors and hedge funds.

American Noble Gas Price Performance

Shares of American Noble Gas stock opened at $13.13 on Friday. The stock’s 50-day moving average is $15.78 and its 200 day moving average is $16.76. American Noble Gas has a one year low of $12.57 and a one year high of $30.00. The firm has a market cap of $53.10 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.95 and a beta of 1.01.

American Noble Gas (NYSE:INFY) last issued 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 business had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.11 billion. On average, sell-side analysts expect that American Noble Gas will post 0.74 EPS 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.