Innio (NASDAQ:INIO) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Innio (NASDAQ:INIO) had its price objective lowered by JPMorgan Chase & Co. from $40.00 to $33.00 in a research report report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts also recently commented on INIO. Morgan Stanley reduced their price objective on Innio from $47.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, October 14th. Citigroup decreased their target price on Innio from $30.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. BNP Paribas Exane started coverage on shares of Innio in a research note on Monday, June 29th. They set an “outperform” rating and a $48.00 target price on the stock. Robert W. Baird set a $37.00 target price on shares of Innio in a research note on Wednesday, July 29th. Finally, Weiss Ratings downgraded shares of Innio from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Innio has a consensus rating of “Moderate Buy” and an average price target of $38.40.

Innio Price Performance

Innio stock opened at $16.87 on Monday. The business has a fifty day simple moving average of $20.35. Innio has a 12 month low of $15.06 and a 12 month high of $42.95. The company has a debt-to-equity ratio of 11.90, a current ratio of 1.25 and a quick ratio of 0.79.

Innio (NASDAQ:INIO) last posted 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. Analysts expect that Innio will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Innio

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

About Innio

INNIO is an energy technology company that provides power-generation and gas-compression solutions for industrial, commercial and utility customers. Its portfolio includes Jenbacher gas engines and Waukesha engines, along with associated equipment, digital tools and long-term service offerings.

The company’s solutions are designed for applications including combined heat and power, distributed power generation, microgrids and gas compression. INNIO supports a range of fuel sources, including natural gas, biogas and hydrogen blends, helping customers produce electricity and useful heat while supporting grid reliability and energy-system flexibility.

INNIO was established in 2018 following the acquisition of GE’s Distributed Power business by Advent International.