Genpact Limited Receives Consensus Recommendation of “Hold” from Analysts (NYSE:G)
Shares of Genpact Limited (NYSE:G) have been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the stock, ARN reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $17.91.
Shares of Genpact Limited (NYSE:G) traded down 0.61% on Monday, hitting $17.93. The stock had a trading volume of 241,712 shares. Genpact Limited has a 52 week low of $13.68 and a 52 week high of $21.25. The stock’s 50-day moving average is $17. and its 200-day moving average is $17.09. The company has a market cap of $3.874 billion and a price-to-earnings ratio of 18.43. Genpact Limited also was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 891,537 shares, a drop of 38.4% from the June 13th total of 1,446,610 shares. Based on an average trading volume of 881,682 shares, the short-interest ratio is presently 1.0 days. Currently, 0.6% of the shares of the company are sold short.
Genpact Limited (NYSE:G) last announced its earnings results on Monday, May 5th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.23 earnings per share. Genpact Limited’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Genpact Limited will post $1.04 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on G shares. Analysts at Zacks downgraded shares of Genpact Limited from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $19.40 price target on the stock. Finally, 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.
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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