American Noble Gas Inc. (NYSE:INFY) Given Average Recommendation of “Hold” by Analysts

American Noble Gas Inc. (NYSE:INFY) has earned an average recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.8167.

A number of research firms have weighed in on INFY. BMO Capital Markets lowered their target price on American Noble Gas from $20.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, October 17th. TD Cowen upped their price objective on American Noble Gas from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a research report on Monday, December 29th.

Institutional Investors Weigh In On American Noble Gas

A number of hedge funds and other institutional investors have recently bought and sold shares of INFY. Focus Partners Advisor Solutions LLC grew its holdings in American Noble Gas by 25.6% in the first quarter. Focus Partners Advisor Solutions LLC now owns 18,665 shares of the technology company’s stock worth $341,000 after purchasing an additional 3,800 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in American Noble Gas during the 1st quarter worth $239,000. Geneos Wealth Management Inc. increased its position in American Noble Gas by 28.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 61,536 shares of the technology company’s stock valued at $1,123,000 after buying an additional 13,617 shares in the last quarter. Finally, Ascent Group LLC purchased a new stake in American Noble Gas in the first quarter valued at about $251,000. Hedge funds and other institutional investors own 16.20% of the company’s stock.

American Noble Gas Price Performance

Shares of American Noble Gas stock opened at $17.82 on Monday. The stock has a market cap of $73.86 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.98 and a beta of 0.98. The firm’s 50-day moving average is $17.69 and its two-hundred day moving average is $17.36. American Noble Gas has a 1 year low of $15.81 and a 1 year high of $30.00.

American Noble Gas (NYSE:INFY) last posted its quarterly earnings results on Thursday, October 16th. The technology company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. American Noble Gas had a net margin of 16.58% and a return on equity of 29.40%. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.04 billion. On average, equities analysts expect that American Noble Gas will post 0.74 earnings per share for the current year.

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.