Jefferies Financial Group Downgrades American Noble Gas (NYSE:INFY) to Hold

American Noble Gas (NYSE:INFY) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Finviz reports. They currently have a $14.31 target price on the technology company’s stock. Jefferies Financial Group’s price target points to a potential downside of 2.09% from the stock’s current price.

INFY has been the topic of several other reports. Stifel Nicolaus lowered their target price on American Noble Gas from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th. TD Cowen lifted their price objective on American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. BMO Capital Markets upped their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Noble Gas in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.89.

American Noble Gas Stock Up 0.4%

INFY opened at $14.62 on Monday. American Noble Gas has a twelve month low of $14.19 and a twelve month high of $30.00. The company’s 50-day moving average price is $17.58 and its two-hundred day moving average price is $17.15. The stock has a market cap of $59.13 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 2.18 and a beta of 0.98.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. American Noble Gas had a net margin of 16.16% and a return on equity of 30.60%. The company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.11 billion. As a group, sell-side analysts anticipate that American Noble Gas will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of INFY. Dynamic Technology Lab Private Ltd purchased 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% 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. grew its position in 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. 16.20% of the stock is owned by institutional investors.

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.