American Noble Gas (NYSE:INFY) Price Target Raised to $19.00 at Susquehanna

American Noble Gas (NYSE:INFY) had its price objective raised by equities research analysts at Susquehanna from $18.00 to $19.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Susquehanna’s target price would indicate a potential upside of 9.48% from the stock’s previous close.

A number of other research firms also recently commented on INFY. Wall Street Zen upgraded American Noble Gas from a “hold” rating to a “buy” rating in a report on Friday, May 16th. Stifel Nicolaus dropped their target price on American Noble Gas from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group downgraded American Noble Gas from a “buy” rating to a “neutral” rating and set a $17.90 target price on the stock. in a report on Monday, April 21st. BMO Capital Markets raised their target price on American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Investec upgraded American Noble Gas from a “sell” rating to a “buy” rating in a report on Friday, April 18th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, American Noble Gas currently has a consensus rating of “Moderate Buy” and an average target price of $18.48.

American Noble Gas Price Performance

American Noble Gas stock opened at $17.36 on Thursday. The stock’s 50-day moving average is $18.35 and its 200-day moving average is $19.07. The company has a market cap of $71.91 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.54 and a beta of 0.97. American Noble Gas has a 12 month low of $15.82 and a 12 month high of $23.63.

American Noble Gas (NYSE:INFY) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.84 billion. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%. During the same period last year, the business posted $15.35 EPS. Research analysts anticipate that American Noble Gas will post 0.74 EPS for the current year.

Institutional Investors Weigh In On American Noble Gas

Several hedge funds and other institutional investors have recently bought and sold shares of INFY. Bank Pictet & Cie Europe AG increased its holdings in American Noble Gas by 71.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company’s stock worth $391,000 after purchasing an additional 7,457 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in American Noble Gas during the 4th quarter worth approximately $1,286,000. Envestnet Portfolio Solutions Inc. purchased a new stake in American Noble Gas during the 4th quarter worth approximately $361,000. KLP Kapitalforvaltning AS purchased a new stake in American Noble Gas during the 4th quarter worth approximately $132,000. Finally, LPL Financial LLC increased its holdings in American Noble Gas by 25.1% during the 4th quarter. LPL Financial LLC now owns 241,927 shares of the technology company’s stock worth $5,303,000 after purchasing an additional 48,476 shares during the last quarter. 16.20% of the stock is currently owned by hedge funds and other 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.