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

Innio N.V. (NASDAQ:INIO) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $42.20.

INIO has been the subject of a number of recent research reports. Robert W. Baird set a $37.00 target price on Innio in a research note on Wednesday, July 29th. JPMorgan Chase & Co. began coverage on Innio in a research report on Monday, June 29th. They set an “overweight” rating and a $44.00 price target on the stock. Citigroup assumed coverage on Innio in a research report on Monday, June 29th. They set a “neutral” rating and a $42.00 price target on the stock. UBS Group began coverage on Innio in a research note on Monday, June 29th. They issued a “buy” rating and a $47.00 price target on the stock. Finally, Zacks Research upgraded Innio to a “hold” rating in a research report on Tuesday, June 30th.

Innio Price Performance

Innio stock opened at $19.79 on Wednesday. The company has a debt-to-equity ratio of 11.90, a current ratio of 1.25 and a quick ratio of 0.79. The company has a market capitalization of $14.84 billion and a P/E ratio of 247.37. The stock has a fifty day simple moving average of $21.93. Innio has a twelve month low of $17.45 and a twelve month high of $42.95.

Innio (NASDAQ:INIO) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The business had revenue of $937.70 million for the quarter. As a group, equities analysts expect that Innio will post 0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in INIO. Dragoneer Investment Group LLC purchased a new position in shares of Innio in the second quarter worth $112,718,000. Value Aligned Research Advisors LLC bought a new stake in Innio during the 2nd quarter valued at $53,605,000. Junto Capital Management LP purchased a new stake in Innio during the 2nd quarter valued at $26,193,000. Squarepoint Ops LLC purchased a new stake in Innio during the 2nd quarter valued at $13,842,000. Finally, HBK Investments L P purchased a new stake in Innio during the 2nd quarter valued at $6,031,000.

Innio Company Profile

INNIO Group Holding GmbH develops and provides energy solutions for power generation and compression applications. Its portfolio includes gas engines, combined heat and power systems, distributed energy systems, and related equipment and services designed for industrial, commercial, utility, and infrastructure customers.

The company operates through its Jenbacher and Waukesha brands. Jenbacher products are used for distributed power generation, cogeneration, renewable-gas applications, and energy-transition projects, while Waukesha products primarily serve natural-gas engine applications, including power generation and mechanical-drive systems for the oil and gas industry.