American Noble Gas (NYSE:INFY) Price Target Cut to $17.00 by Analysts at Stifel Nicolaus

American Noble Gas (NYSE:INFY) had its price target reduced by Stifel Nicolaus from $19.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 13.87% from the company’s current price.

Several other research analysts also recently weighed in on INFY. Weiss Ratings reiterated a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. TD Cowen lifted their price objective on shares of American Noble Gas from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 15th. Finally, BMO Capital Markets upped their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, American Noble Gas currently has an average rating of “Hold” and a consensus price target of $17.32.

American Noble Gas Price Performance

Shares of NYSE:INFY traded up $0.18 during mid-day trading on Wednesday, reaching $14.93. 1,336,921 shares of the company were exchanged, compared to its average volume of 14,321,153. The firm has a market cap of $60.40 billion, a price-to-earnings ratio of 19.37, a P/E/G ratio of 2.20 and a beta of 0.98. American Noble Gas has a 1 year low of $14.19 and a 1 year high of $30.00. The firm’s 50-day simple moving average is $17.77 and its 200 day simple moving average is $17.19.

American Noble Gas (NYSE:INFY) last posted its quarterly earnings data on Wednesday, January 14th. The technology company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. American Noble Gas had a return on equity of 30.60% and a net margin of 16.16%.The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.11 billion. On average, research analysts forecast that American Noble Gas will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Noble Gas

Large investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new position in shares of American Noble Gas during the 1st quarter valued at $239,000. NewEdge Advisors LLC grew its position in American Noble Gas by 79.9% in the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after acquiring an additional 24,426 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 purchasing an additional 3,804 shares during the last quarter. Institutional investors 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.