Innovex International, Inc. (NYSE:INVX) Receives $16.50 Average Price Target from Brokerages

Shares of Innovex International, Inc. (NYSE:INVX) have received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $16.50.

A number of brokerages have weighed in on INVX. Wall Street Zen lowered shares of Innovex International from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Innovex International in a research report on Wednesday, October 8th. Finally, Piper Sandler assumed coverage on Innovex International in a research report on Tuesday, July 15th. They issued an “overweight” rating and a $20.00 target price on the stock.

Innovex International Stock Performance

INVX stock opened at $20.63 on Tuesday. The stock has a market capitalization of $1.42 billion, a PE ratio of 7.14 and a beta of 0.74. Innovex International has a 12-month low of $11.93 and a 12-month high of $21.48. The company has a current ratio of 4.60, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03. The stock’s 50 day simple moving average is $17.98 and its 200 day simple moving average is $16.49.

Innovex International (NYSE:INVX) last announced its earnings results on Wednesday, February 23rd. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $87.23 million for the quarter. Innovex International had a net margin of 16.66% and a return on equity of 8.58%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Lesa Sroufe & Co increased its stake in shares of Innovex International by 0.5% in the 3rd quarter. Lesa Sroufe & Co now owns 114,980 shares of the company’s stock worth $2,132,000 after purchasing an additional 561 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Innovex International by 15.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,880 shares of the company’s stock worth $106,000 after purchasing an additional 794 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Innovex International by 4.4% in the 2nd quarter. Intech Investment Management LLC now owns 23,452 shares of the company’s stock worth $366,000 after purchasing an additional 978 shares in the last quarter. US Bancorp DE increased its stake in shares of Innovex International by 234.0% in the 1st quarter. US Bancorp DE now owns 1,533 shares of the company’s stock worth $28,000 after purchasing an additional 1,074 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Innovex International by 169.7% in the 1st quarter. GAMMA Investing LLC now owns 2,101 shares of the company’s stock worth $38,000 after purchasing an additional 1,322 shares in the last quarter.

Innovex International Company Profile

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.