WNS (WNS) Rating Reiterated by Citigroup

WNS (NYSE:WNS)‘s stock had its “buy” rating reiterated by research analysts at Citigroup in a report released on Thursday, Marketbeat.com reports. They currently have a $50.00 price target on the business services provider’s stock, up from their previous price target of $43.00. Citigroup’s price objective would indicate a potential upside of 13.43% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Cowen reissued a “buy” rating and issued a $43.00 price objective on shares of WNS in a research note on Sunday, October 29th. Maxim Group reissued a “buy” rating and issued a $42.00 price objective on shares of WNS in a research note on Friday, October 27th. Cantor Fitzgerald reissued a “buy” rating and issued a $38.00 price objective on shares of WNS in a research note on Friday, October 27th. Robert W. Baird reissued a “buy” rating on shares of WNS in a research note on Wednesday, October 11th. Finally, SunTrust Banks reissued a “buy” rating and issued a $41.00 price objective on shares of WNS in a research note on Monday, October 9th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. WNS currently has a consensus rating of “Buy” and a consensus price target of $46.85.

Shares of WNS (NYSE WNS) traded down $1.20 during midday trading on Thursday, reaching $44.08. 313,415 shares of the company were exchanged, compared to its average volume of 220,380. The firm has a market cap of $2,220.22, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.93 and a beta of 1.02. WNS has a 12-month low of $27.43 and a 12-month high of $46.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.37 and a current ratio of 2.37.

WNS (NYSE:WNS) last issued its quarterly earnings data on Thursday, January 18th. The business services provider reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.06. The firm had revenue of $185.20 million for 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 was up 32.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. analysts predict that WNS will post 1.63 earnings per share for the current year.

WNS declared that its Board of Directors has authorized a stock buyback program on Thursday, January 18th that authorizes the company to buyback 3,300,000 outstanding shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Several hedge funds have recently made changes to their positions in WNS. OLD National Bancorp IN purchased a new position in shares of WNS during the 3rd quarter worth about $202,000. Trexquant Investment LP purchased a new position in shares of WNS during the 3rd quarter worth about $210,000. 1st Global Advisors Inc. purchased a new position in shares of WNS during the 2nd quarter worth about $223,000. Advisor Group Inc. lifted its holdings in shares of WNS by 731.2% during the 3rd quarter. Advisor Group Inc. now owns 6,417 shares of the business services provider’s stock worth $234,000 after acquiring an additional 5,645 shares during the period. Finally, BT Investment Management Ltd purchased a new position in shares of WNS during the 3rd quarter worth about $287,000. Institutional investors and hedge funds own 85.95% of the company’s stock.

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WNS Company Profile

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.

Analyst Recommendations for WNS (NYSE:WNS)

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