American Noble Gas (NYSE:INFY) Stock Price Expected to Rise, TD Cowen Analyst Says

American Noble Gas (NYSE:INFY) had its price objective hoisted by stock analysts at TD Cowen from $16.00 to $17.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. TD Cowen’s price objective would indicate a potential downside of 4.59% from the stock’s previous close.

INFY has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. BMO Capital Markets lowered their target price on American Noble Gas from $20.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, October 17th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.82.

American Noble Gas Stock Performance

INFY traded down $0.22 during midday trading on Friday, reaching $17.82. 4,371,357 shares of the company were exchanged, compared to its average volume of 9,463,542. The stock has a market capitalization of $73.86 billion, a P/E ratio of 22.89, a PEG ratio of 3.01 and a beta of 0.98. American Noble Gas has a one year low of $15.81 and a one year high of $30.00. The stock’s 50-day simple moving average is $17.66 and its 200 day simple moving average is $17.36.

American Noble Gas (NYSE:INFY) last issued its earnings results on Thursday, October 16th. The technology company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.04 billion. American Noble Gas had a net margin of 16.58% and a return on equity of 29.40%. On average, research analysts anticipate that American Noble Gas will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in shares of American Noble Gas in the first quarter worth $239,000. Ascent Group LLC bought a new position in American Noble Gas in the 1st quarter valued at about $251,000. Modern Wealth Management LLC acquired a new position in shares of American Noble Gas in the 1st quarter valued at approximately $379,000. NewEdge Advisors LLC lifted its holdings in shares of American Noble Gas by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after acquiring an additional 24,426 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of American Noble Gas by 28.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 61,536 shares of the technology company’s stock worth $1,123,000 after acquiring an additional 13,617 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

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.