Cantor Fitzgerald Reaffirms “Buy” Rating for Genpact (G)

Genpact (NYSE:G)‘s stock had its “buy” rating reiterated by investment analysts at Cantor Fitzgerald in a note issued to investors on Tuesday. They currently have a $36.00 target price on the business services provider’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 11.46% from the company’s previous close.

The analysts wrote, “Foresi’s Take. Global Client BPO grew 15% y/y in 4Q17. However, Global Client growth was down from the prior-quarter level (+12% vs. 13%), but offset declines at GE enough to drive total revenues above Street estimates. Digital continues to be a key driver, as transformational services grew 25%, driven by demand for digital solutions (20% of Global Client revenue). Acquisitions are expected to add around 1% to 2018 revenues.””

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Genpact from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Robert W. Baird restated a “buy” rating and issued a $38.00 price target on shares of Genpact in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.38.

Genpact (G) opened at $32.30 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market cap of $6,167.71, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 1.98 and a beta of 0.57. Genpact has a 12-month low of $23.34 and a 12-month high of $34.79.

Genpact (NYSE:G) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The firm had revenue of $734.41 million for the quarter, compared to analyst estimates of $723.55 million. Genpact had a net margin of 10.18% and a return on equity of 23.86%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. equities analysts forecast that Genpact will post 1.47 EPS for the current year.

In other Genpact news, insider Arvinder Singh sold 22,690 shares of Genpact stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $33.95, for a total transaction of $770,325.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Private Ltd Gic sold 1,499,806 shares of Genpact stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $30.26, for a total transaction of $45,384,129.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,660,470 shares of company stock worth $50,598,982. 1.41% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of G. Ameriprise Financial Inc. grew its position in Genpact by 3.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 30,196 shares of the business services provider’s stock worth $840,000 after purchasing an additional 907 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Genpact by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,487,882 shares of the business services provider’s stock valued at $41,409,000 after buying an additional 162,487 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Genpact during the 2nd quarter valued at $335,000. The Manufacturers Life Insurance Company boosted its stake in shares of Genpact by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,508 shares of the business services provider’s stock valued at $181,000 after buying an additional 455 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of Genpact during the 2nd quarter valued at $210,000. Hedge funds and other institutional investors own 92.00% of the company’s stock.

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Genpact Company Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Analyst Recommendations for Genpact (NYSE:G)

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