Infosys (INFY) – Research Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Infosys (NYSE: INFY):

  • 1/17/2018 – Infosys was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Infosys’ relentless focus on commitment to execution has helped it achieve constant currency revenue growth, margin improvement and high revenue per worker over the past few quarters. The company’s Renew New strategy has helped reap multiple benefits, including renewing traditional services, winning deals, introducing services and monetizing from key initiatives. Its new offerings under its business platforms like Edge, Panaya and Skava are also helping it gain new clients. In addition, the company’s solid financial health adds to its strength. However, Infosys has faced business disruption in the recent past due to a high-profile CEO’s exit and a possible securities fraud charge. This apart, steep currency fluctuations and high compensation costs pose as major headwinds. In the past six months, Infosys shares have underperformed the industry average.”
  • 1/16/2018 – Infosys had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $16.00 price target on the stock.
  • 1/16/2018 – Infosys was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Infosys’ third-quarter fiscal 2018 earnings came in line with the Zacks Consensus Estimate and were up by 4.2% year over year, driven by decent top-line growth and diligent operational execution. Infosys’ Renew New strategy has helped reap multiple benefits, including renewing traditional services, winning deals, introducing services and monetizing from key initiatives. The company’s offerings under its business platforms including Edge, Panaya and Skava are helping it gain new clients. Growth in higher-margin businesses is proving conducive to the company’s profitability. Additionally, the company’s solid financial health adds to its strength. However, Infosys has faced business disruption in the recent past due to a high-profile CEO’s exit and a possible securities fraud charge. Also, Infosys’ shares have underperformed the industry average over the past six months.”
  • 1/16/2018 – Infosys was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating.
  • 1/11/2018 – Infosys was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Infosys has a solid earnings surprise history, having beaten estimates thrice in the trailing four quarters. Its results are benefiting from diligent operational execution. The company’s Renew New strategy has helped reap multiple benefits, including renewing traditional services, winning deals, introducing services and monetizing from key initiatives. In addition, the company’s solid financial health adds to its strength. Its new offerings under its business platforms like Edge, Panaya and Skava are also helping it gain new clients. However, Infosys has faced business disruption in the recent past due to a high-profile CEO’s exit and a possible securities fraud charge. In addition, U.S. President Trump’s anti-immigration stance and rising costs pose as major headwinds. In the past six months, Infosys shares have underperformed the industry average.  “
  • 1/7/2018 – Infosys had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $14.00 price target on the stock. They wrote, “We will be hosting ISG, a leading global technology research & advisory firm, 4Q17 quarterly conference call this week on Wednesday, 1/10 at 10 AM. Please ask us or your Cantor salesperson for details or let us know if you have any questions for management.””
  • 12/26/2017 – Infosys was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “Infosys has a solid earnings surprise history, having beaten estimates thrice in the trailing four quarters. Its results are benefiting from diligent operational execution. The company’s Renew New strategy has helped reap multiple benefits, including renewing traditional services, winning deals, introducing services and monetizing from key initiatives. The company’s services and software are also proving conducive to top-line growth. The growth in the higher margin business is proving conducive to the margin expansion. In addition, the company’s solid financial health adds to its strength. Its new offerings under its business platforms like Edge, Panaya and Skava are also helping it gain new clients. However, Infosys has faced business disruption in the recent past due to a high-profile CEO’s exit and a possible securities fraud charge.”
  • 12/5/2017 – Infosys was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating.

Shares of Infosys Ltd (NYSE INFY) traded up $0.97 during mid-day trading on Wednesday, reaching $17.78. 17,137,500 shares of the company’s stock were exchanged, compared to its average volume of 8,814,800. Infosys Ltd has a one year low of $13.42 and a one year high of $18.24. The stock has a market capitalization of $39,290.00, a P/E ratio of 16.31, a PEG ratio of 1.88 and a beta of 0.73.

Infosys (NYSE:INFY) last issued its earnings results on Friday, January 12th. The technology company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. Infosys had a net margin of 22.97% and a return on equity of 20.70%. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. analysts anticipate that Infosys Ltd will post 1 EPS for the current year.

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

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