Infosys Receives Average Rating of “Buy” from Brokerages (NASDAQ:INFY)
Shares of Infosys (NASDAQ:INFY) have received a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, Analyst Ratings Network.com reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $65.00.
Infosys (NASDAQ:INFY) opened at 58.99 on Thursday. Infosys has a one year low of $44.81 and a one year high of $63.20. The stock has a 50-day moving average of $56. and a 200-day moving average of $55.24. The company has a market cap of $33.707 billion and a P/E ratio of 18.41.
Infosys (NASDAQ:INFY) last announced its earnings results on Friday, July 11th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $127.70 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that Infosys will post $3.37 earnings per share for the current fiscal year.
INFY has been the subject of a number of recent research reports. Analysts at Jefferies Group downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Separately, analysts at Credit Agricole initiated coverage on shares of Infosys in a research note on Thursday, July 10th. They set an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Infosys in a research note on Tuesday, July 8th. They set a “hold” rating on the stock.
Infosys Limited (NASDAQ:INFY) provides business consulting, technology, engineering and outsourcing services.
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