Innio N.V. (NASDAQ:INIO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Innio N.V. (NASDAQ:INIO) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $42.90.

A number of research firms have weighed in on INIO. Morgan Stanley started coverage on Innio in a research note on Monday, June 29th. They issued an “overweight” rating and a $47.00 target price on the stock. Robert W. Baird set a $37.00 price target on shares of Innio in a report on Wednesday, July 29th. Citigroup started coverage on shares of Innio in a research note on Monday, June 29th. They issued a “neutral” rating and a $42.00 price target on the stock. UBS Group initiated coverage on shares of Innio in a research report on Monday, June 29th. They issued a “buy” rating and a $47.00 price objective for the company. Finally, Bank of America began coverage on shares of Innio in a research note on Monday, June 29th. They issued a “buy” rating and a $46.00 target price on the stock.

Innio Trading Up 2.5%

INIO opened at $28.12 on Tuesday. The company’s 50 day simple moving average is $31.44. Innio has a one year low of $21.69 and a one year high of $42.95.

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

Innio Company Profile

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.