Innio N.V. (NASDAQ:INIO) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Innio N.V. (NASDAQ:INIO) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $36.80.

A number of equities research analysts have commented on the stock. Wall Street Zen raised shares of Innio from a “hold” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group reiterated a “buy” rating and set a $31.00 target price on shares of Innio in a research note on Tuesday. Morgan Stanley boosted their target price on shares of Innio from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup dropped their target price on Innio from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on Innio from $40.00 to $33.00 and set an “overweight” rating for the company in a report on Monday, October 19th.

Innio Stock Performance

INIO stock opened at $16.30 on Friday. The stock’s 50 day moving average price is $19.11. The company has a debt-to-equity ratio of 7.50, a current ratio of 1.27 and a quick ratio of 0.79. Innio has a fifty-two week low of $14.58 and a fifty-two week high of $42.95. The stock has a market capitalization of $12.22 billion and a price-to-earnings ratio of 203.75.

Innio (NASDAQ:INIO) last issued its earnings results on Tuesday, October 27th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. Innio had a net margin of 2.71% and a return on equity of 63.87%. The firm had revenue of $1.17 billion for the quarter. Equities analysts forecast that Innio will post 0.40 EPS for the current fiscal year.

Institutional Investors Weigh In On Innio

Several hedge funds and other institutional investors have recently made changes to their positions in INIO. Squarepoint Ops LLC purchased a new stake in Innio during the second quarter worth approximately $13,842,000. Readystate Asset Management LP acquired a new position in Innio in the second quarter valued at approximately $3,975,000. Value Aligned Research Advisors LLC purchased a new position in Innio in the second quarter valued at approximately $53,605,000. HBK Investments L P purchased a new position in Innio in the second quarter valued at approximately $6,031,000. Finally, Dragoneer Investment Group LLC acquired a new stake in Innio during the second quarter worth approximately $112,718,000.

Innio Company Profile

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.