Innio N.V. (NASDAQ:INIO) Given Average Recommendation of “Moderate Buy” by Analysts

Innio N.V. (NASDAQ:INIO) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $42.90.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Innio in a report on Monday, June 29th. They issued an “overweight” rating and a $44.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of Innio in a research report on Monday, June 29th. They set a “buy” rating and a $42.00 price target for the company. BNP Paribas Exane began coverage on shares of Innio in a report on Monday, June 29th. They issued an “outperform” rating and a $48.00 price objective for the company. Weiss Ratings initiated coverage on Innio in a research report on Monday, August 31st. They issued a “sell (d)” rating on the stock. Finally, Citigroup initiated coverage on Innio in a research note on Monday, June 29th. They set a “neutral” rating and a $42.00 target price on the stock.

Innio Stock Up 3.8%

INIO stock opened at $20.35 on Friday. The firm’s 50 day simple moving average is $25.86. Innio has a 52-week low of $19.04 and a 52-week high of $42.95.

Innio (NASDAQ:INIO) last posted its quarterly earnings results 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 company had revenue of $937.70 million during the quarter. Sell-side analysts predict that Innio will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Innio

Several large investors have recently bought and sold shares of INIO. Wellington Management Group LLP purchased a new position in Innio in the 2nd quarter worth about $1,117,000. Troluce Capital Advisors LLC purchased a new position in shares of Innio during the second quarter valued at approximately $1,483,000. WINTON GROUP Ltd bought a new position in Innio during the second quarter valued at approximately $2,990,000. Readystate Asset Management LP purchased a new stake in Innio in the second quarter worth approximately $3,975,000. Finally, Squarepoint Ops LLC bought a new stake in Innio in the 2nd quarter worth approximately $13,842,000.

Innio Company Profile

INNIO Group is an energy technology company that develops and provides power generation and gas compression solutions. Its principal product lines are marketed under the Jenbacher and Waukesha brands, which serve distributed power generation, combined heat and power, and industrial and commercial energy applications.

The company manufactures gas engines and related systems designed to operate on fuels including natural gas, biogas, landfill gas and hydrogen blends. Its offerings also include microgrid and energy-management solutions, aftermarket services, parts and maintenance, and digital monitoring through its myPlant platform.