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

Innio N.V. (NASDAQ:INIO) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $42.90.

A number of brokerages recently commented on INIO. Royal Bank Of Canada raised shares of Innio from a “sector perform” rating to an “outperform” rating and reduced their price objective for the stock from $39.00 to $35.00 in a research note on Thursday, July 30th. Wall Street Zen upgraded Innio to a “hold” rating in a report on Saturday, June 13th. Robert W. Baird set a $37.00 price target on Innio in a research report on Wednesday, July 29th. The Goldman Sachs Group began coverage on Innio in a research note on Monday, June 29th. They set a “buy” rating and a $42.00 price objective for the company. Finally, Bank of America assumed coverage on Innio in a research report on Monday, June 29th. They set a “buy” rating and a $46.00 price objective on the stock.

Innio Trading Up 2.5%

NASDAQ INIO opened at $28.12 on Tuesday. Innio has a one year low of $21.69 and a one year high of $42.95. The firm’s 50-day simple moving average is $31.44.

Innio (NASDAQ:INIO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $937.70 million during the quarter. On average, equities research analysts expect that Innio will post 0.37 EPS for the current year.

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.