American Noble Gas (NYSE:INFY) Given New $17.00 Price Target at Stifel Nicolaus

American Noble Gas (NYSE:INFY) had its target price decreased by stock analysts at Stifel Nicolaus from $19.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 13.87% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. BMO Capital Markets boosted their price target on American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. Finally, TD Cowen increased their price objective on shares of American Noble Gas from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.32.

American Noble Gas Stock Up 1.2%

Shares of INFY traded up $0.18 during trading hours on Wednesday, reaching $14.93. The stock had a trading volume of 1,336,921 shares, compared to its average volume of 14,321,153. American Noble Gas has a 52 week low of $14.19 and a 52 week high of $30.00. The firm has a 50-day moving average of $17.77 and a 200 day moving average of $17.19. The company has a market cap of $60.40 billion, a P/E ratio of 19.37, a P/E/G ratio of 2.20 and a beta of 0.98.

American Noble Gas (NYSE:INFY) last posted 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 business had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.11 billion. As a group, equities analysts expect that American Noble Gas will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 during the last quarter. NewEdge Advisors LLC raised its holdings in American Noble Gas by 79.9% in the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after buying an additional 24,426 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in American Noble Gas in the first quarter worth about $239,000. 16.20% of the stock is owned by institutional investors.

American Noble Gas Company Profile

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.