Innovex International, Inc. (NYSE:INVX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Innovex International, Inc. (NYSE:INVX) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $16.50.

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Innovex International in a research report on Wednesday, October 8th.

Institutional Investors Weigh In On Innovex International

Several institutional investors and hedge funds have recently made changes to their positions in INVX. Smartleaf Asset Management LLC raised its holdings in Innovex International by 31.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,151 shares of the company’s stock worth $40,000 after acquiring an additional 511 shares during the last quarter. Lesa Sroufe & Co raised its stake in shares of Innovex International by 0.5% in the third quarter. Lesa Sroufe & Co now owns 114,980 shares of the company’s stock worth $2,132,000 after purchasing an additional 561 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Innovex International by 15.6% during the first quarter. PNC Financial Services Group Inc. now owns 5,880 shares of the company’s stock valued at $106,000 after purchasing an additional 794 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Innovex International by 4.4% during the second quarter. Intech Investment Management LLC now owns 23,452 shares of the company’s stock valued at $366,000 after buying an additional 978 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Innovex International by 234.0% during the first quarter. US Bancorp DE now owns 1,533 shares of the company’s stock valued at $28,000 after buying an additional 1,074 shares during the last quarter.

Innovex International Stock Up 4.0%

INVX stock opened at $22.76 on Friday. The business has a 50 day moving average of $19.24 and a 200 day moving average of $17.08. The firm has a market cap of $1.57 billion, a PE ratio of 7.87 and a beta of 0.77. Innovex International has a twelve month low of $11.93 and a twelve month high of $22.90. 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 (NYSE:INVX) last released its earnings results on Wednesday, February 23rd. The company reported ($0.12) EPS for the quarter. Innovex International had a return on equity of 8.58% and a net margin of 16.66%.The company had revenue of $87.23 million during the quarter.

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.