Analysts’ Weekly Ratings Changes for Infosys (INFY)

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

  • 2/5/2018 – Infosys had its “negative” rating reaffirmed by analysts at Susquehanna Bancshares Inc.
  • 2/5/2018 – Infosys was downgraded by analysts at UBS Group AG to a “neutral” rating.
  • 2/5/2018 – Infosys was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating.
  • 2/2/2018 – Infosys was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/22/2018 – Infosys was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating.
  • 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.”

Shares of Infosys Ltd (NYSE:INFY) opened at $17.62 on Tuesday. The stock has a market cap of $38,060.00, a P/E ratio of 16.31, a PEG ratio of 1.91 and a beta of 0.61. Infosys Ltd has a 1-year low of $13.88 and a 1-year high of $18.71.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Friday, January 12th. The technology company reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. Infosys had a net margin of 22.97% and a return on equity of 21.31%. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the firm earned $0.24 EPS. research analysts forecast that Infosys Ltd will post 1 earnings per share 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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