Barclays Issues Pessimistic Forecast for Innovex International (NYSE:INVX) Stock Price

Innovex International (NYSE:INVX) had its target price reduced by equities researchers at Barclays from $21.00 to $15.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s target price indicates a potential downside of 8.06% from the company’s current price.

Innovex International Stock Up 0.6 %

Shares of INVX stock opened at $16.32 on Tuesday. Innovex International has a 1 year low of $13.80 and a 1 year high of $25.19. The firm has a market cap of $1.10 billion, a P/E ratio of 11.51 and a beta of 0.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87.

About Innovex International

Innovex Downhole Solutions Inc designs, manufactures and installs mission-critical drilling & deployment, well construction, completion, production and fishing & intervention solutions to support upstream onshore and offshore activities. Innovex Downhole Solutions Inc, formerly known as Dril-Quip, is based in HOUSTON.