Genpact Price Target Cut to $18.00 (G)
BMO Capital Markets dropped their target price on shares of Genpact (NYSE:G) from $19.00 to $18.00 in a research note issued on Friday, American Banking and Market News reports. BMO Capital Markets’ target price would indicate a potential upside of 26.05% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Genpact from an “overweight” rating to a “neutral” rating in a research note to investors on Friday. They now have a $17.00 price target on the stock, down previously from $19.00. Separately, analysts at Wells Fargo & Co. downgraded shares of Genpact from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Genpact from a “neutral” rating to a “sell” rating in a research note to investors on Thursday, January 23rd. They now have a $15.00 price target on the stock, down previously from $18.00. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Genpact has a consensus rating of “Hold” and a consensus price target of $18.50.
Genpact (NYSE:G) traded down 17.12% on Friday, hitting $14.28. The stock had a trading volume of 23,192,980 shares. Genpact has a 52 week low of $13.68 and a 52 week high of $21.30. The stock’s 50-day moving average is $17.54 and its 200-day moving average is $18.82. The company has a market cap of $3.287 billion and a P/E ratio of 17.23.
Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.25. The company had revenue of $558.50 million for the quarter, compared to the consensus estimate of $550.34 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that Genpact will post $1.13 earnings per share for the current fiscal year.
Genpact Limited (NYSE:G) is engaged in business process management and information technology services, leveraging the power of processes, analytics and technology to help its clients drive intelligence across their enterprises.
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