Several analysts have recently updated their ratings and price targets for Genpact Limited (NYSE: G):

  • 8/9/2017 – Genpact Limited had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $33.00 price target on the stock.
  • 8/8/2017 – Genpact Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “Genpact is a dominant name in the Business process outsourcing (BPO) market based on its domain expertise in business analytics, digital and consulting. The company’s better-than-expected second-quarter results are driven by revenue growth from mid-teen global client BPO coupled with balanced performance across most of the targeted verticals and service lines of the company. We also note that it is gaining popularity among customers in providing emerging technologies like Blockchain and Industrial Internet of Things (IoT). Moreover, accretive acquisitions over the years have aided the company penetrate new domains like mobile technology, dynamic workflow solution and artificial intelligence (AI). Additionally, effective cost management is driving operating margin expansion. However, anticipated government regulation in the U.S. over outsourcing (H1B Visa, Cross-border tax) and high debt level are headwinds.”
  • 8/3/2017 – Genpact Limited had its price target raised by analysts at Deutsche Bank AG from $26.00 to $28.00. They now have a “hold” rating on the stock.
  • 8/3/2017 – Genpact Limited had its price target raised by analysts at BMO Capital Markets from $26.00 to $30.00. They now have a “market perform” rating on the stock.
  • 8/3/2017 – Genpact Limited is now covered by analysts at Wedbush. They set a “neutral” rating and a $33.00 price target on the stock.
  • 8/3/2017 – Genpact Limited had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $33.00 price target on the stock, up previously from $30.00.
  • 7/28/2017 – Genpact Limited was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Genpact is a dominant name in the Business process outsourcing (BPO) market based on its domain expertise in business analytics, digital and consulting.  We also note that it is gaining popularity among customers in providing emerging technologies like Blockchain and Industrial Internet of Things (IoT). Moreover, accretive acquisitions over the years have aided the company penetrate new domains like mobile technology, dynamic workflow solution and artificial intelligence (AI). Additionally, effective cost management is driving operating margin expansion. Estimates have been stable ahead of the company's Q2 earnings release. The company has mixed record of earnings surprises in the recent quarters. However, anticipated government regulation in the U.S. over outsourcing (H1B Visa, Cross-border tax), dependency on GE for top-line growth, high-debt levels and stretched valuation are headwinds.”
  • 6/28/2017 – Genpact Limited was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Genpact Limited (NYSE G) traded up 0.10% during mid-day trading on Friday, reaching $29.43. The company had a trading volume of 378,163 shares. The stock has a market cap of $5.68 billion, a PE ratio of 22.23 and a beta of 0.50. Genpact Limited has a 12 month low of $22.58 and a 12 month high of $31.93. The firm’s 50-day moving average price is $28.40 and its 200-day moving average price is $25.90.

Genpact Limited (NYSE:G) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.10. The company had revenue of $670.70 million during the quarter, compared to analysts’ expectations of $642.68 million. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. Genpact Limited’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. Equities research analysts forecast that Genpact Limited will post $1.56 EPS for the current fiscal year.

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

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.

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