Innovex International, Inc. (NYSE:INVX) Given Average Rating of “Moderate Buy” by Analysts

Innovex International, Inc. (NYSE:INVX) has earned an average rating of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $16.50.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Innovex International in a research note on Wednesday, October 8th.

Innovex International Price Performance

INVX opened at $22.02 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.69 and a current ratio of 4.60. The stock has a market capitalization of $1.52 billion, a PE ratio of 7.62 and a beta of 0.77. The stock’s 50 day moving average price is $19.78 and its 200-day moving average price is $17.33. Innovex International has a 52-week low of $11.93 and a 52-week high of $22.99.

Innovex International (NYSE:INVX) last released its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.12) earnings per share for the quarter. Innovex International had a net margin of 16.66% and a return on equity of 8.58%. The company had revenue of $87.23 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in shares of Innovex International by 31.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,151 shares of the company’s stock valued at $40,000 after purchasing an additional 511 shares during the period. Lesa Sroufe & Co raised its holdings in Innovex International by 0.5% in the third quarter. Lesa Sroufe & Co now owns 114,980 shares of the company’s stock worth $2,132,000 after purchasing an additional 561 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Innovex International by 15.6% during the first quarter. PNC Financial Services Group Inc. now owns 5,880 shares of the company’s stock valued at $106,000 after buying an additional 794 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Innovex International by 4.4% during the 2nd quarter. Intech Investment Management LLC now owns 23,452 shares of the company’s stock valued at $366,000 after buying an additional 978 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of Innovex International by 234.0% in the 1st quarter. US Bancorp DE now owns 1,533 shares of the company’s stock worth $28,000 after buying an additional 1,074 shares during the period.

About Innovex International

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.