American Noble Gas (NYSE:INFY) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group cut shares of American Noble Gas (NYSE:INFY) from a buy rating to a hold rating in a report released on Monday, Marketbeat.com reports. The firm currently has $14.31 price objective on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. TD Cowen lifted their target price on shares of American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. BMO Capital Markets lifted their price objective on 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. Stifel Nicolaus dropped their price objective 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, American Noble Gas currently has an average rating of “Hold” and a consensus target price of $16.89.

American Noble Gas Trading Up 2.9%

Shares of INFY opened at $14.24 on Monday. The stock’s 50-day moving average price is $17.34 and its two-hundred day moving average price is $17.10. American Noble Gas has a 12 month low of $13.65 and a 12 month high of $30.00. The company has a market capitalization of $57.59 billion, a PE ratio of 18.49, a PEG ratio of 2.06 and a beta of 0.98.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings data on Wednesday, January 14th. The technology company reported $0.21 earnings per share (EPS) 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 company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.11 billion. Equities research analysts predict that American Noble Gas will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On American Noble Gas

A number of institutional investors have recently modified their holdings of INFY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 valued at $1,153,000 after purchasing an additional 3,804 shares during the period. NewEdge Advisors LLC lifted its stake in shares of 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 buying an additional 24,426 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of American Noble Gas during the first quarter valued at about $239,000. 16.20% of the stock is owned by institutional investors and hedge funds.

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.