Analysts Set Innio N.V. (NASDAQ:INIO) PT at $44.60

Innio N.V. (NASDAQ:INIO) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $42.90.

INIO has been the subject of several recent analyst reports. UBS Group started coverage on shares of Innio in a research note on Monday, June 29th. They issued a “buy” rating and a $47.00 target price for the company. Royal Bank Of Canada raised shares of Innio from a “sector perform” rating to an “outperform” rating and dropped their price target for the company from $39.00 to $35.00 in a research report on Thursday. Bank of America started coverage on shares of Innio in a report on Monday, June 29th. They set a “buy” rating and a $46.00 price target on the stock. Zacks Research raised shares of Innio to a “hold” rating in a research report on Tuesday, June 30th. Finally, Morgan Stanley started coverage on shares of Innio in a research note on Monday, June 29th. They issued an “overweight” rating and a $47.00 price objective for the company.

Innio Stock Performance

Shares of NASDAQ:INIO opened at $24.39 on Friday. Innio has a 12-month low of $21.69 and a 12-month high of $42.95. The firm’s 50 day moving average is $32.90.

Innio (NASDAQ:INIO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $937.70 million for the quarter.

Innio Company Profile

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.