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

Shares of American Noble Gas Inc. (NYSE:INFY) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.65.

Several analysts have issued reports on INFY shares. Stifel Nicolaus boosted their target price on American Noble Gas from $16.50 to $19.00 and gave the company 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 research note on Monday, December 29th. BMO Capital Markets increased their target price on shares of 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, 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 research note on Thursday, January 15th.

Institutional Investors Weigh In On American Noble Gas

Several institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new position in shares of American Noble Gas in the first quarter worth $239,000. NewEdge Advisors LLC boosted its stake in American Noble Gas by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after purchasing an additional 24,426 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in American Noble Gas by 6.4% during 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 buying an additional 3,804 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

American Noble Gas Stock Performance

NYSE INFY opened at $16.80 on Friday. The company has a market capitalization of $67.95 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.50 and a beta of 0.98. American Noble Gas has a 52-week low of $15.81 and a 52-week high of $30.00. The company has a 50-day simple moving average of $18.12 and a 200 day simple moving average of $17.30.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.11 billion. As a group, analysts forecast 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.