Innovex International (NYSE:INVX) Price Target Raised to $27.00 at Piper Sandler

Innovex International (NYSE:INVX) had its price objective lifted by equities researchers at Piper Sandler from $20.00 to $27.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target suggests a potential upside of 24.30% from the stock’s previous close.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Innovex International in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Innovex International has a consensus rating of “Buy” and an average target price of $20.00.

Innovex International Trading Up 0.1%

Shares of INVX opened at $21.72 on Thursday. The firm’s 50-day moving average is $20.93 and its two-hundred day moving average is $18.11. The firm has a market capitalization of $1.50 billion, a P/E ratio of 14.78 and a beta of 0.74. The company has a current ratio of 4.78, a quick ratio of 2.93 and a debt-to-equity ratio of 0.02. Innovex International has a twelve month low of $11.93 and a twelve month high of $24.31.

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

Hedge Funds Weigh In On Innovex International

A number of large investors have recently bought and sold shares of INVX. US Bancorp DE increased its holdings in shares of Innovex International by 234.0% during the 1st quarter. US Bancorp DE now owns 1,533 shares of the company’s stock worth $28,000 after buying an additional 1,074 shares during the last quarter. Covestor Ltd raised its position in Innovex International by 26,300.0% in the third quarter. Covestor Ltd now owns 1,848 shares of the company’s stock valued at $34,000 after purchasing an additional 1,841 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Innovex International by 31.2% during the third quarter. Smartleaf Asset Management LLC now owns 2,151 shares of the company’s stock worth $40,000 after purchasing an additional 511 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Innovex International by 150.3% in the second quarter. First Horizon Advisors Inc. now owns 3,367 shares of the company’s stock worth $53,000 after buying an additional 2,022 shares during the period. Finally, Westfuller Advisors LLC acquired a new stake in shares of Innovex International in the third quarter valued at about $53,000.

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.