Susquehanna Cuts American Noble Gas (NYSE:INFY) Price Target to $16.00

American Noble Gas (NYSE:INFY) had its price objective trimmed by Susquehanna from $20.00 to $16.00 in a research report report published on Tuesday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

INFY has been the topic of a number of other research reports. Jefferies Financial Group cut shares of American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 target price on the stock. in a research note on Monday, February 23rd. TD Cowen reduced their price target on shares of American Noble Gas from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Stifel Nicolaus reduced their price target on shares of American Noble Gas from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of American Noble Gas in a research report on Monday, December 29th. Finally, BMO Capital Markets boosted their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.03.

American Noble Gas Stock Up 0.5%

NYSE INFY opened at $14.39 on Tuesday. The stock has a market cap of $58.20 billion, a P/E ratio of 18.68, a PEG ratio of 1.83 and a beta of 1.00. The company’s 50-day simple moving average is $14.08 and its 200 day simple moving average is $16.32. American Noble Gas has a twelve month low of $12.57 and a twelve month high of $30.00.

American Noble Gas (NYSE:INFY) last posted its earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.11 billion. American Noble Gas had a net margin of 16.16% and a return on equity of 30.60%. Research analysts anticipate that American Noble Gas will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On American Noble Gas

A number of large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 purchasing an additional 3,804 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of 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 purchasing 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 worth approximately $239,000. 16.20% of the stock is currently 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.