Innio N.V. (INIO) – What Are Brokerages Saying About This Stock?

Shares of Innio N.V. (NASDAQ:INIO) have earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $36.80.

A number of analysts have recently weighed in on INIO shares. Morgan Stanley upped their target price on Innio from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. BNP Paribas Exane decreased their price target on Innio from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 27th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $31.00 price target on shares of Innio in a research note on Tuesday, October 27th. Weiss Ratings cut shares of Innio from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, October 14th. Finally, Royal Bank Of Canada upgraded shares of Innio from a “sector perform” rating to an “outperform” rating and reduced their price objective for the stock from $39.00 to $35.00 in a research note on Thursday, July 30th.

Innio Trading Up 3.3%

Shares of INIO stock opened at $13.77 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.80 and a debt-to-equity ratio of 7.50. The company has a market capitalization of $10.33 billion and a PE ratio of 172.12. The company has a 50 day moving average of $18.37. Innio has a 1 year low of $12.95 and a 1 year high of $42.95.

Innio (NASDAQ:INIO) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $1.17 billion for the quarter. Innio had a return on equity of 63.87% and a net margin of 2.71%. Analysts forecast that Innio will post 0.40 EPS for the current year.

Institutional Trading of Innio

A number of institutional investors and hedge funds have recently made changes to their positions in INIO. Sterling Capital Management LLC acquired a new stake in shares of Innio during the 3rd quarter worth approximately $43,000. Chicago Partners Investment Group LLC acquired a new position in Innio during the third quarter valued at approximately $157,000. Wellington Management Group LLP acquired a new position in Innio during the second quarter valued at approximately $1,117,000. Troluce Capital Advisors LLC acquired a new position in Innio during the second quarter valued at approximately $1,483,000. Finally, WINTON GROUP Ltd bought a new stake in Innio during the second quarter worth $2,990,000.

Innio Company Profile

INNIO Group is an energy technology company that designs and manufactures reciprocating gas engines and related power generation and compression systems. Its products are marketed under the Jenbacher and Waukesha brands, alongside digital monitoring, maintenance and service offerings.

The company’s equipment is used in applications including onsite and distributed power generation, industrial operations and gas compression. INNIO supports customers in markets around the world and offers solutions designed to operate with fuels such as natural gas and biogas.

INNIO was formed in 2018 through the separation of General Electric’s distributed power business and is headquartered in Jenbach, Austria.