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

Innio N.V. (NASDAQ:INIO) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $42.20.

A number of equities research analysts recently commented on INIO shares. UBS Group began coverage on Innio in a research report on Monday, June 29th. They issued a “buy” rating and a $47.00 target price on the stock. Weiss Ratings began coverage on Innio in a report on Monday, August 31st. They set a “sell (d)” rating for the company. Royal Bank Of Canada raised 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. Zacks Research upgraded Innio to a “hold” rating in a research report on Tuesday, June 30th. Finally, The Goldman Sachs Group set a $35.00 target price on shares of Innio in a report on Wednesday, September 30th.

Innio Stock Performance

Shares of NASDAQ:INIO opened at $19.79 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.79 and a debt-to-equity ratio of 11.90. The company has a market capitalization of $14.84 billion and a price-to-earnings ratio of 247.37. The stock’s fifty day moving average is $21.93. Innio has a fifty-two week low of $17.45 and a fifty-two week high of $42.95.

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

Institutional Trading of Innio

Several hedge funds have recently made changes to their positions in INIO. Dragoneer Investment Group LLC bought a new stake in Innio during the second quarter worth approximately $112,718,000. Value Aligned Research Advisors LLC purchased a new stake in Innio during the second quarter valued at approximately $53,605,000. Junto Capital Management LP bought a new stake in shares of Innio in the 2nd quarter valued at approximately $26,193,000. Squarepoint Ops LLC purchased a new position in shares of Innio in the 2nd quarter worth approximately $13,842,000. Finally, HBK Investments L P bought a new position in shares of Innio during the 2nd quarter valued at approximately $6,031,000.

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.