Brokerages Set American Noble Gas Inc. (NYSE:INFY) PT at $17.18

Shares of American Noble Gas Inc. (NYSE:INFY) have received an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $17.18.

A number of equities research analysts have weighed in on INFY shares. Rothschild & Co Redburn started coverage on shares of American Noble Gas in a research note on Wednesday, September 3rd. They set a “sell” rating and a $12.00 price target on the stock. Rothschild Redb upgraded shares of American Noble Gas to a “strong sell” rating in a research note on Wednesday, September 3rd. BMO Capital Markets lifted their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Noble Gas in a research note on Saturday, September 27th. Finally, Susquehanna lifted their price target on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th.

American Noble Gas Trading Up 0.3%

INFY opened at $16.20 on Friday. American Noble Gas has a 1-year low of $15.82 and a 1-year high of $23.63. The stock has a market capitalization of $67.16 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 2.71 and a beta of 0.95. The business has a 50 day moving average of $16.73 and a 200-day moving average of $17.57.

American Noble Gas (NYSE:INFY) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.The company had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same period in the prior year, the business earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. Equities analysts predict that American Noble Gas will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP lifted its holdings in shares of American Noble Gas by 263.1% during the first quarter. Trexquant Investment LP now owns 1,403,219 shares of the technology company’s stock valued at $25,609,000 after acquiring an additional 1,016,742 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of American Noble Gas by 46.2% in the first quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company’s stock valued at $2,402,000 after buying an additional 41,592 shares during the last quarter. Union Bancaire Privee UBP SA raised its holdings in American Noble Gas by 224.5% during the 1st quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company’s stock worth $1,344,000 after purchasing an additional 53,628 shares during the last quarter. Modern Wealth Management LLC bought a new stake in American Noble Gas during the 1st quarter worth about $379,000. Finally, Principal Financial Group Inc. increased its stake in shares of American Noble Gas by 272.8% in the 1st quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company’s stock valued at $2,782,000 after acquiring an additional 111,553 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

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.