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

Innio N.V. (NASDAQ:INIO – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $42.90.

A number of analysts have weighed in on the stock. Royal Bank Of Canada upgraded shares of Innio from a “sector perform” rating to an “outperform” rating and reduced their price objective for the company from $39.00 to $35.00 in a research note on Thursday, July 30th. BNP Paribas Exane began coverage on shares of Innio in a report on Monday, June 29th. They issued an “outperform” rating and a $48.00 price objective for the company. Wall Street Zen raised Innio to a “hold” rating in a research report on Saturday, June 13th. Bank of America began coverage on Innio in a report on Monday, June 29th. They set a “buy” rating and a $46.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Innio in a research report on Monday, June 29th. They set an “overweight” rating and a $44.00 price objective on the stock.

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Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP purchased a new stake in Innio in the second quarter worth approximately $1,117,000. Troluce Capital Advisors LLC purchased a new position in shares of Innio in the 2nd quarter worth $1,483,000. WINTON GROUP Ltd purchased a new position in shares of Innio in the 2nd quarter worth $2,990,000. Readystate Asset Management LP purchased a new position in Innio in the second quarter worth about $3,975,000. Finally, HBK Investments L P bought a new stake in shares of Innio during the 2nd quarter valued at about $6,031,000.

Innio Price Performance

Shares of Innio stock opened at $21.15 on Friday. Innio has a 1 year low of $17.45 and a 1 year high of $42.95. The stock has a 50-day simple moving average of $24.35.

Innio (NASDAQ:INIO – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The business had revenue of $937.70 million for the quarter. Equities research analysts expect that Innio will post 0.37 earnings per share for the current fiscal year.

About Innio

(Get Free Report)

INNIO Group is an energy technology company that develops and provides power generation and gas compression solutions. Its principal product lines are marketed under the Jenbacher and Waukesha brands, which serve distributed power generation, combined heat and power, and industrial and commercial energy applications.

The company manufactures gas engines and related systems designed to operate on fuels including natural gas, biogas, landfill gas and hydrogen blends. Its offerings also include microgrid and energy-management solutions, aftermarket services, parts and maintenance, and digital monitoring through its myPlant platform.

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