ExlService Holdings Upgraded to Buy at Goldman Sachs Group Inc. (EXLS)
ExlService Holdings (NASDAQ:EXLS) was upgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $32.00 price objective on the stock, up from their previous price objective of $26.00. Goldman Sachs Group Inc.’s target price indicates a potential upside of 19.76% from the company’s current price.
ExlService Holdings (NASDAQ:EXLS) traded down 0.22% on Thursday, hitting $26.72. The stock had a trading volume of 388,275 shares. ExlService Holdings has a 52 week low of $22.98 and a 52 week high of $32.97. The stock’s 50-day moving average is $26.76 and its 200-day moving average is $27.83. The company has a market cap of $880.0 million and a price-to-earnings ratio of 20.46.
ExlService Holdings (NASDAQ:EXLS) last announced its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.02. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $120.52 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts expect that ExlService Holdings will post $1.74 EPS for the current fiscal year.
In other ExlService Holdings news, Insider William Bloom sold 21,000 shares of the stock on the open market in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $27.00, for a total value of $567,000.00. Following the transaction, the insider now directly owns 12,379 shares of the company’s stock, valued at approximately $334,233. The sale was disclosed in a filing with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of ExlService Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, January 6th. They now have a $25.60 price target on the stock. Separately, analysts at William Blair downgraded shares of ExlService Holdings from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, November 6th. Finally, analysts at Stifel Nicolaus cut their price target on shares of ExlService Holdings from $36.00 to $33.00 in a research note to investors on Tuesday, November 5th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $31.27.
ExlService Holdings, Inc is a provider of outsourcing and transformation services. The Company’s outsourcing services provide front-, middle- and back-office processing services for its primarily United States-based and United Kingdom-based clients.
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