Genpact Limited Upgraded by Zacks to “Outperform” (G)
Genpact Limited (NYSE:G) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm currently has a $19.40 price target on the stock. Zacks‘s target price indicates a potential upside of 10.16% from the company’s current price.
Shares of Genpact Limited (NYSE:G) traded up 0.28% on Tuesday, hitting $17.66. The stock had a trading volume of 206,306 shares. Genpact Limited has a 52-week low of $13.68 and a 52-week high of $20.36. The stock’s 50-day moving average is $17.74 and its 200-day moving average is $17.10. The company has a market cap of $3.820 billion and a P/E ratio of 18.92.
Genpact Limited (NYSE:G) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.01. The company had revenue of $561.60 million for the quarter, compared to the consensus estimate of $556.12 million. During the same quarter last year, the company posted $0.32 earnings per share. Genpact Limited’s revenue was up 5.0% 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.
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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