Genpact (G) PT Lowered to $37.50 at Citigroup

Genpact (NYSE:G) had its price target decreased by equities researchers at Citigroup from $39.00 to $37.50 in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the business services provider’s stock. Citigroup’s price objective suggests a potential upside of 22.31% from the company’s previous close.

A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Genpact from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Robert W. Baird restated a “buy” rating and set a $38.00 price objective on shares of Genpact in a report on Friday, November 10th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price objective on shares of Genpact in a report on Wednesday, November 8th. Finally, BMO Capital Markets raised their price objective on shares of Genpact to $35.00 and gave the stock a “market perform” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $34.39.

Shares of Genpact (NYSE G) traded down $1.64 during mid-day trading on Tuesday, reaching $30.66. 466,077 shares of the company’s stock were exchanged, compared to its average volume of 812,631. Genpact has a 1 year low of $23.34 and a 1 year high of $34.79. The company has a market capitalization of $6,167.71, a PE ratio of 22.22, a PEG ratio of 1.98 and a beta of 0.57. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77.

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

In related news, insider Mohit Thukral sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $32.25, for a total transaction of $806,250.00. Following the completion of the transaction, the insider now directly owns 85,305 shares in the company, valued at approximately $2,751,086.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Private Ltd Gic sold 1,499,806 shares of the company’s 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. Insiders sold a total of 1,660,470 shares of company stock valued at $50,598,982 over the last 90 days. Corporate insiders own 1.41% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. bought a new stake in shares of Genpact in the 4th quarter valued at $114,000. Meeder Asset Management Inc. purchased a new stake in shares of Genpact in the third quarter valued at about $128,000. Advisor Group Inc. raised its holdings in shares of Genpact by 59.8% in the third quarter. Advisor Group Inc. now owns 5,017 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 1,878 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Genpact by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,508 shares of the business services provider’s stock worth $181,000 after purchasing an additional 455 shares during the period. Finally, Verition Fund Management LLC bought a new position in Genpact during the second quarter worth about $210,000. Institutional investors and hedge funds own 92.00% of the company’s stock.

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About Genpact

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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