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

Shares of Innovex International, Inc. (NYSE:INVX) have been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.50.

A number of equities research analysts have issued reports on the company. Wall Street Zen cut Innovex International from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Piper Sandler started coverage on shares of Innovex International in a report on Tuesday, July 15th. They set an “overweight” rating and a $20.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovex International in a report on Saturday, September 27th.

Hedge Funds Weigh In On Innovex International

Large investors have recently made changes to their positions in the business. New York State Teachers Retirement System grew its holdings in Innovex International by 2.3% in the 1st quarter. New York State Teachers Retirement System now owns 61,132 shares of the company’s stock valued at $1,098,000 after buying an additional 1,399 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Innovex International by 169.7% in the first quarter. GAMMA Investing LLC now owns 2,101 shares of the company’s stock valued at $38,000 after acquiring an additional 1,322 shares during the period. Principal Financial Group Inc. grew its stake in shares of Innovex International by 5.6% in the first quarter. Principal Financial Group Inc. now owns 192,628 shares of the company’s stock worth $3,460,000 after acquiring an additional 10,170 shares during the last quarter. Invesco Ltd. increased its position in Innovex International by 36.6% during the first quarter. Invesco Ltd. now owns 454,050 shares of the company’s stock worth $8,155,000 after acquiring an additional 121,582 shares during the period. Finally, Millennium Management LLC raised its stake in Innovex International by 56.8% during the 4th quarter. Millennium Management LLC now owns 83,951 shares of the company’s stock valued at $1,173,000 after purchasing an additional 30,402 shares during the last quarter.

Innovex International Stock Performance

Shares of INVX opened at $18.85 on Friday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 6.52 and a beta of 0.74. The company’s fifty day moving average is $16.99 and its 200-day moving average is $16.14. The company has a quick ratio of 2.69, a current ratio of 4.60 and a debt-to-equity ratio of 0.03. Innovex International has a 12 month low of $11.93 and a 12 month high of $19.42.

Innovex International (NYSE:INVX) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $224.23 million during the quarter, compared to analyst estimates of $230.00 million. Innovex International had a net margin of 16.66% and a return on equity of 8.58%. Innovex International has set its Q3 2025 guidance at EPS.

About Innovex International

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.