Infosys (NYSE:INFY) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $15.19 billion-$15.46 billion, compared to the consensus revenue estimate of $15.20 billion.
A number of equities research analysts recently issued reports on INFY shares. Robert W. Baird upped their target price on Infosys from $17.00 to $18.00 and gave the company an underperform rating in a research note on Wednesday, April 14th. They noted that the move was a valuation call. Investec lowered Infosys from a buy rating to a hold rating in a research note on Thursday, January 14th. Susquehanna Bancshares boosted their target price on shares of Infosys from $19.00 to $21.00 and gave the company a neutral rating in a research note on Monday, April 12th. Sanford C. Bernstein raised shares of Infosys from a market perform rating to an outperform rating and raised their price target for the stock from $20.33 to $21.80 in a research note on Monday, March 29th. Finally, Zacks Investment Research lowered shares of Infosys from a buy rating to a hold rating and set a $19.00 price objective for the company. in a research report on Friday, April 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $18.97.
Shares of INFY stock traded down $0.09 during trading hours on Tuesday, hitting $18.11. 4,087,463 shares of the company were exchanged, compared to its average volume of 8,412,497. The firm has a fifty day moving average of $18.61 and a 200 day moving average of $17.12. Infosys has a 1 year low of $8.37 and a 1 year high of $19.56. The firm has a market cap of $76.83 billion, a PE ratio of 30.58, a PEG ratio of 3.09 and a beta of 0.86.
Infosys Company Profile
Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.
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