Innio N.V. (NASDAQ:INIO) Stock Has Average Target Price of $42.20

Innio N.V. (NASDAQ:INIO) has earned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $40.20.

INIO has been the topic of a number of analyst reports. Citigroup cut their target price on Innio from $30.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday. Robert W. Baird set a $37.00 price target on Innio in a research note on Wednesday, July 29th. BNP Paribas Exane assumed coverage on Innio in a report on Monday, June 29th. They set an “outperform” rating and a $48.00 price objective for the company. The Goldman Sachs Group set a $35.00 price objective on Innio in a research report on Wednesday, September 30th. Finally, Royal Bank Of Canada upgraded Innio from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from $39.00 to $35.00 in a research note on Thursday, July 30th.

Innio Trading Down 1.6%

Shares of NASDAQ:INIO opened at $18.31 on Wednesday. Innio has a 12 month low of $17.45 and a 12 month high of $42.95. The firm’s 50-day moving average price is $21.62. The company has a debt-to-equity ratio of 11.90, a quick ratio of 0.79 and a current ratio of 1.25.

Innio (NASDAQ:INIO) last announced its quarterly earnings data 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 firm had revenue of $937.70 million during the quarter. Sell-side analysts anticipate that Innio will post 0.37 earnings per share for the current year.

Institutional Investors Weigh In On Innio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INIO. HBK Investments L P bought a new position in Innio in the 2nd quarter worth about $6,031,000. Junto Capital Management LP purchased a new position in shares of Innio during the second quarter worth approximately $26,193,000. Dragoneer Investment Group LLC bought a new stake in shares of Innio during the second quarter valued at approximately $112,718,000. WINTON GROUP Ltd bought a new stake in shares of Innio during the second quarter valued at approximately $2,990,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Innio during the second quarter valued at approximately $13,842,000.

Innio Company Profile

INNIO Group Holding GmbH develops and provides energy solutions for power generation and compression applications. Its portfolio includes gas engines, combined heat and power systems, distributed energy systems, and related equipment and services designed for industrial, commercial, utility, and infrastructure customers.

The company operates through its Jenbacher and Waukesha brands. Jenbacher products are used for distributed power generation, cogeneration, renewable-gas applications, and energy-transition projects, while Waukesha products primarily serve natural-gas engine applications, including power generation and mechanical-drive systems for the oil and gas industry.