Genpact Limited (NYSE:G) Receives $26.00 Consensus Price Target from Brokerages

Genpact Limited (NYSE:G) has received an average recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $30.67.

Several analysts have issued reports on the stock. Cowen and Company restated an “outperform” rating and issued a $33.00 price target (up from $30.00) on shares of Genpact Limited in a research report on Thursday, August 3rd. Wedbush assumed coverage on shares of Genpact Limited in a research report on Thursday, August 3rd. They issued a “neutral” rating and a $33.00 price target on the stock. Zacks Investment Research upgraded shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday. Deutsche Bank AG raised their price objective on shares of Genpact Limited from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets raised their price objective on shares of Genpact Limited from $26.00 to $30.00 and gave the stock a “market perform” rating in a report on Thursday, August 3rd.

Genpact Limited (NYSE:G) opened at 29.27 on Tuesday. The firm has a market cap of $5.65 billion, a PE ratio of 22.11 and a beta of 0.50. The firm’s 50 day moving average price is $28.40 and its 200-day moving average price is $25.90. Genpact Limited has a one year low of $22.58 and a one year high of $31.93.

Genpact Limited (NYSE:G) last posted its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.10. The company had revenue of $670.70 million for the quarter, compared to analyst estimates of $642.68 million. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. Equities analysts predict that Genpact Limited will post $1.56 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was first posted by BNB Daily and is the property of of BNB Daily. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/genpact-limited-nyseg-given-average-rating-of-hold-by-brokerages-updated-updated.html.

In other news, insider Mohit Thukral sold 27,228 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $27.21, for a total transaction of $740,873.88. Following the completion of the transaction, the insider now directly owns 68,845 shares of the company’s stock, valued at approximately $1,873,272.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.55% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. increased its position in shares of Genpact Limited by 0.3% in the second quarter. Alps Advisors Inc. now owns 20,129 shares of the business services provider’s stock valued at $560,000 after buying an additional 52 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Genpact Limited by 1.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock valued at $141,000 after buying an additional 94 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Genpact Limited by 1.2% in the first quarter. Fifth Third Bancorp now owns 9,976 shares of the business services provider’s stock valued at $247,000 after buying an additional 121 shares in the last quarter. Sawtooth Solutions LLC increased its position in shares of Genpact Limited by 1.9% in the second quarter. Sawtooth Solutions LLC now owns 9,034 shares of the business services provider’s stock valued at $251,000 after buying an additional 165 shares in the last quarter. Finally, Ngam Advisors L.P. increased its position in shares of Genpact Limited by 0.6% in the first quarter. Ngam Advisors L.P. now owns 38,866 shares of the business services provider’s stock valued at $962,000 after buying an additional 242 shares in the last quarter. 94.08% of the stock is owned by hedge funds and other institutional investors.

Genpact Limited 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 Limited (NYSE:G)

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