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

American Noble Gas (NYSE:INFY) had its price objective reduced by Stifel Nicolaus from $19.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the technology company’s stock.

A number of other brokerages also recently weighed in on INFY. BMO Capital Markets upped their target price on American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a research report on Monday, December 29th. Finally, TD Cowen increased 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 report on Thursday, January 15th. Two research 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. According to MarketBeat.com, American Noble Gas currently has a consensus rating of “Hold” and a consensus price target of $17.32.

American Noble Gas Stock Performance

NYSE INFY opened at $14.62 on Wednesday. American Noble Gas has a twelve month low of $14.19 and a twelve month high of $30.00. The stock has a market cap of $59.13 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 2.17 and a beta of 0.98. The firm’s 50 day moving average price is $17.58 and its two-hundred day moving average price is $17.14.

American Noble Gas (NYSE:INFY) last released 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 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 analyst estimates of $5.11 billion. On average, research analysts forecast that American Noble Gas will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On American Noble Gas

Several institutional investors and hedge funds have recently modified their holdings of INFY. Dynamic Technology Lab Private Ltd bought a new stake in American Noble Gas in the first quarter worth $239,000. NewEdge Advisors LLC lifted its position 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 buying an additional 24,426 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 buying an additional 3,804 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

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.