TD Cowen Cuts American Noble Gas (NYSE:INFY) Price Target to $15.00

American Noble Gas (NYSE:INFY) had its price objective reduced by TD Cowen from $16.00 to $15.00 in a research report report published on Monday,Benzinga reports. TD Cowen currently has a hold rating on the technology company’s stock.

A number of other brokerages have also recently commented on INFY. Stifel Nicolaus cut their price target on shares of American Noble Gas from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. BMO Capital Markets raised 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, January 15th. Finally, Jefferies Financial Group cut shares of American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 price target for the company. in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.46.

American Noble Gas Stock Up 0.3%

Shares of INFY opened at $14.00 on Monday. The stock has a market cap of $56.63 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.75 and a beta of 1.00. American Noble Gas has a 12 month low of $12.57 and a 12 month high of $30.00. The company has a 50-day moving average price of $14.50 and a two-hundred day moving average price of $16.43.

American Noble Gas (NYSE:INFY) last announced its quarterly earnings results on Wednesday, January 14th. The technology company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $5.05 billion during 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%. Equities research analysts expect that American Noble Gas will post 0.74 EPS for the current fiscal year.

Institutional Trading of American Noble Gas

Several hedge funds have recently modified their holdings of INFY. Dynamic Technology Lab Private Ltd acquired a new stake in shares of American Noble Gas during the first quarter worth approximately $239,000. NewEdge Advisors LLC increased its holdings in shares of American Noble Gas by 79.9% during 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of American Noble Gas by 6.4% during 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 in 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.