Genpact Limited Short Interest Up 84.3% in April (G)
Shares of Genpact Limited (NYSE:G) were the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,412,777 shares, a growth of 84.3% from the March 31st total of 2,936,591 shares, StockRatingsNetwork reports. Currently, 3.1% of the shares of the company are short sold. Based on an average daily volume of 1,299,103 shares, the short-interest ratio is currently 4.2 days.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Genpact Limited in a research note on Tuesday. They now have a $18.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Genpact Limited from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a $17.70 price target on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Genpact Limited from a “market perform” rating to an “outperform” rating in a research note on Monday, February 24th. They now have a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $17.67.
Shares of Genpact Limited (NYSE:G) opened at 16.47 on Thursday. Genpact Limited has a 52-week low of $13.68 and a 52-week high of $21.30. The stock’s 50-day moving average is $17.11 and its 200-day moving average is $17.50. The company has a market cap of $3.816 billion and a P/E ratio of 16.54.
Genpact Limited (NYSE:G) last announced its earnings results on Monday, May 5th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.01. The company had revenue of $528.20 million for the quarter, compared to the consensus estimate of $527.07 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Genpact Limited will post $1.03 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.