Genpact Limited Stock Rating Lowered by Zacks (G)
Genpact Limited (NYSE:G) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday. They currently have a $19.40 target price on the stock. Zacks‘s price target would suggest a potential upside of 8.08% from the company’s current price.
Genpact Limited (NYSE:G) traded up 0.56% during mid-day trading on Tuesday, hitting $18.05. The stock had a trading volume of 827,617 shares. Genpact Limited has a 52-week low of $13.68 and a 52-week high of $21.30. The stock has a 50-day moving average of $17.22 and a 200-day moving average of $17.06. The company has a market cap of $3.900 billion and a P/E ratio of 18.34.
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. On average, analysts predict that Genpact Limited will post $1.04 earnings per share for the current fiscal year.
Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Genpact Limited in a research note on Tuesday, May 6th. They now have a $18.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.91.
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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