WNS (WNS) Price Target Raised to $50.00 at Loop Capital

WNS (NYSE:WNS) had its price target raised by investment analysts at Loop Capital to $50.00 in a research report issued on Friday, The Fly reports. The firm currently has a “buy” rating on the business services provider’s stock. Loop Capital’s target price would indicate a potential upside of 13.43% from the company’s current price.

WNS has been the subject of a number of other reports. Cantor Fitzgerald restated a “buy” rating and set a $38.00 target price on shares of WNS in a report on Friday, October 27th. Needham & Company LLC upped their price target on shares of WNS from $46.00 to $52.00 and gave the company a “strong-buy” rating in a research report on Friday, December 1st. Robert W. Baird restated a “buy” rating and issued a $46.00 price target on shares of WNS in a research report on Thursday, December 21st. Maxim Group restated a “buy” rating and issued a $42.00 price target on shares of WNS in a research report on Friday, October 27th. Finally, ValuEngine downgraded shares of WNS from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. WNS presently has an average rating of “Buy” and a consensus price target of $46.85.

Shares of WNS (NYSE WNS) traded down $1.20 during trading hours on Friday, reaching $44.08. 313,415 shares of the company were exchanged, compared to its average volume of 220,380. The company has a market capitalization of $2,280.64, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02. WNS has a 1 year low of $27.43 and a 1 year high of $46.00. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.18.

WNS (NYSE:WNS) last issued its earnings results on Thursday, January 18th. The business services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06. The firm had revenue of $185.20 million during the quarter, compared to analysts’ expectations of $175.85 million. WNS had a net margin of 7.96% and a return on equity of 20.71%. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. research analysts predict that WNS will post 1.59 earnings per share for the current fiscal year.

WNS announced that its board has initiated a share repurchase program on Thursday, January 18th that authorizes the company to repurchase 3,300,000 shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its position in WNS by 78.3% in the 4th quarter. Bank of Montreal Can now owns 107,523 shares of the business services provider’s stock worth $4,315,000 after buying an additional 47,208 shares in the last quarter. California Public Employees Retirement System lifted its position in WNS by 5.9% in the 3rd quarter. California Public Employees Retirement System now owns 112,929 shares of the business services provider’s stock worth $4,122,000 after buying an additional 6,329 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in WNS by 31.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 19,134 shares of the business services provider’s stock worth $698,000 after buying an additional 4,584 shares in the last quarter. Lenox Wealth Management Inc. lifted its position in WNS by 30.2% in the 3rd quarter. Lenox Wealth Management Inc. now owns 17,606 shares of the business services provider’s stock worth $642,000 after buying an additional 4,088 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in WNS by 6.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 83,576 shares of the business services provider’s stock worth $3,051,000 after buying an additional 4,701 shares in the last quarter. Institutional investors own 85.95% of the company’s stock.

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About WNS

WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.

The Fly

Analyst Recommendations for WNS (NYSE:WNS)

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