Somewhat Favorable News Coverage Somewhat Unlikely to Impact Infosys Limited (INFY) Stock Price
Media stories about Infosys Limited (NYSE:INFY) have been trending somewhat positive on Sunday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Infosys Limited earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.713566479758 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Infosys : Mediterranean Bank adopts Infosys Finacle lending solution for Digital Transformation (4-traders.com)
- Infosys Limited (INFY) Expected to Announce Quarterly Sales of $2.78 Billion (americanbankingnews.com)
- Analysts Opinion Over Profitability Valuation: Infosys Limited (NYSE:INFY), Gentex Corporation (NASDAQ:GNTX) – Investing News Update (investingbizz.com)
- Zacks: Analysts Anticipate Infosys Limited (INFY) Will Post Earnings of $0.24 Per Share (americanbankingnews.com)
- Mediterranean Bank Goes Live With Infosys Finacle Lending Solution (finance.yahoo.com)
Several research analysts have recently commented on the company. Zacks Investment Research upgraded Infosys Limited from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Tuesday, September 19th. Cantor Fitzgerald reissued a “hold” rating on shares of Infosys Limited in a report on Friday, August 25th. Robert W. Baird restated a “hold” rating and issued a $16.00 price target on shares of Infosys Limited in a research note on Sunday, September 3rd. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Infosys Limited in a research note on Friday, June 9th. Finally, Deutsche Bank AG raised Infosys Limited from a “hold” rating to a “buy” rating in a report on Monday, August 28th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Infosys Limited presently has an average rating of “Hold” and a consensus price target of $15.34.
Infosys Limited (NYSE:INFY) traded up 2.24% during midday trading on Friday, hitting $14.59. The stock had a trading volume of 6,017,361 shares. Infosys Limited has a 52 week low of $13.42 and a 52 week high of $16.71. The stock has a market cap of $33.35 billion, a P/E ratio of 15.37 and a beta of 0.79. The company has a 50-day moving average price of $15.09 and a 200-day moving average price of $15.16.
Infosys Limited (NYSE:INFY) last released its earnings results on Friday, July 14th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The business had revenue of $170.78 billion during the quarter, compared to the consensus estimate of $170.51 billion. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the business posted $0.22 earnings per share. Equities analysts expect that Infosys Limited will post $0.98 EPS for the current year.
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Infosys Limited Company Profile
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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