American Noble Gas Inc. (NYSE:INFY) Receives $16.89 Consensus PT from Brokerages

American Noble Gas Inc. (NYSE:INFY) has been given a consensus rating of “Hold” by the ten brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.8871.

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. Stifel Nicolaus cut their price objective on shares of American Noble Gas from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. BMO Capital Markets upped their price objective on American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, January 15th. Jefferies Financial Group downgraded American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 target price on the stock. in a research report on Monday, February 23rd. Finally, TD Cowen upped their price target on American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 15th.

Hedge Funds Weigh In On American Noble Gas

Several large investors have recently added to or reduced their stakes in INFY. Dynamic Technology Lab Private Ltd bought a new stake in shares of American Noble Gas during the 1st quarter valued at $239,000. NewEdge Advisors LLC boosted its holdings 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 buying an additional 24,426 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in American Noble Gas by 6.4% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

American Noble Gas Stock Performance

Shares of NYSE:INFY opened at $14.43 on Tuesday. The stock’s 50-day simple moving average is $17.13 and its two-hundred day simple moving average is $17.08. The stock has a market capitalization of $58.36 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 2.15 and a beta of 0.98. American Noble Gas has a 52-week low of $13.65 and a 52-week high of $30.00.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings data on Wednesday, January 14th. The technology company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.11 billion. American Noble Gas had a net margin of 16.16% and a return on equity of 30.60%. As a group, equities analysts forecast that American Noble Gas will post 0.74 earnings per share 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.