Innovex International, Inc. (NYSE:INVX) Receives Consensus Recommendation of “Buy” from Brokerages

Innovex International, Inc. (NYSE:INVX) has received an average rating of “Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $20.00.

INVX has been the topic of several analyst reports. Piper Sandler lifted their price target on shares of Innovex International from $20.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Innovex International in a report on Monday.

Institutional Investors Weigh In On Innovex International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in shares of Innovex International by 234.0% in the first quarter. US Bancorp DE now owns 1,533 shares of the company’s stock worth $28,000 after purchasing an additional 1,074 shares in the last quarter. Covestor Ltd raised its holdings in Innovex International by 26,300.0% during the third quarter. Covestor Ltd now owns 1,848 shares of the company’s stock valued at $34,000 after acquiring an additional 1,841 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Innovex International by 31.2% in the third quarter. Smartleaf Asset Management LLC now owns 2,151 shares of the company’s stock valued at $40,000 after acquiring an additional 511 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Innovex International by 150.3% during the second quarter. First Horizon Advisors Inc. now owns 3,367 shares of the company’s stock worth $53,000 after purchasing an additional 2,022 shares in the last quarter. Finally, Westfuller Advisors LLC bought a new stake in Innovex International during the 3rd quarter valued at approximately $53,000.

Innovex International Stock Up 1.4%

Innovex International stock opened at $22.34 on Wednesday. Innovex International has a one year low of $11.93 and a one year high of $24.31. The stock has a fifty day moving average of $21.26 and a 200 day moving average of $18.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.93 and a current ratio of 4.78. The stock has a market cap of $1.54 billion, a PE ratio of 15.20 and a beta of 0.74.

Innovex International (NYSE:INVX) last released its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $87.23 million for the quarter. Innovex International had a net margin of 10.59% and a return on equity of 8.51%.

Innovex International Company Profile

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.