American Noble Gas (NYSE:INFY) Cut to “Hold” at Jefferies Financial Group

American Noble Gas (NYSE:INFY) was downgraded by equities research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Monday,Finviz reports. They currently have a $14.31 price objective on the technology company’s stock. Jefferies Financial Group’s price objective suggests a potential downside of 2.09% from the company’s current price.

INFY has been the topic of a number of other research reports. Stifel Nicolaus lowered their price target on American Noble Gas from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. BMO Capital Markets upped their target price on American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, January 15th. Finally, TD Cowen increased their price target on shares of American Noble Gas from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.89.

American Noble Gas Price Performance

Shares of American Noble Gas stock opened at $14.62 on Monday. American Noble Gas has a 1 year low of $14.19 and a 1 year high of $30.00. The firm has a market cap of $59.13 billion, a PE ratio of 18.98, a PEG ratio of 2.18 and a beta of 0.98. The company has a 50 day simple moving average of $17.58 and a two-hundred day simple moving average of $17.15.

American Noble Gas (NYSE:INFY) last posted its quarterly earnings data on Wednesday, January 14th. The technology company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. American Noble Gas had a net margin of 16.16% and a return on equity of 30.60%. The firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.11 billion. As a group, research analysts anticipate that American Noble Gas will post 0.74 earnings per share for the current year.

Institutional Trading of American Noble Gas

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in American Noble Gas by 79.9% in the 1st 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 period. Dynamic Technology Lab Private Ltd purchased a new stake in American Noble Gas in the first quarter worth about $239,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in American Noble Gas by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after buying an additional 3,804 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other 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.