Wells Fargo & Co Analysts Give Infosys (INFY) a $11.00 Price Target
Wells Fargo & Co set a $11.00 price target on Infosys (NYSE:INFY) in a research report sent to investors on Friday. The brokerage currently has a hold rating on the technology company’s stock.
A number of other brokerages also recently weighed in on INFY. Goldman Sachs Group downgraded Infosys from a buy rating to a neutral rating and set a $11.00 price target on the stock. in a report on Wednesday, October 17th. Robert W. Baird lifted their price target on Infosys from $9.00 to $10.00 and gave the company a neutral rating in a report on Friday, September 14th. ValuEngine upgraded Infosys from a sell rating to a hold rating in a report on Tuesday, October 2nd. Wedbush lowered their price target on Infosys from $18.00 to $9.00 and set a neutral rating on the stock in a report on Tuesday, November 27th. Finally, BMO Capital Markets reiterated a hold rating and set a $11.00 price target on shares of Infosys in a report on Wednesday, October 17th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. Infosys presently has a consensus rating of Hold and an average price target of $13.48.
Shares of Infosys stock opened at $10.41 on Friday. The firm has a market cap of $42.90 billion, a PE ratio of 20.82, a P/E/G ratio of 1.85 and a beta of 0.42. Infosys has a 12-month low of $8.24 and a 12-month high of $10.68.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new stake in shares of Infosys during the 3rd quarter worth about $656,000. Thomas White International Ltd. lifted its position in shares of Infosys by 102.0% during the 3rd quarter. Thomas White International Ltd. now owns 573,636 shares of the technology company’s stock worth $5,834,000 after purchasing an additional 289,693 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Infosys by 1,119,378.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 34,065,719 shares of the technology company’s stock worth $346,449,000 after purchasing an additional 34,062,676 shares during the last quarter. Mondrian Investment Partners LTD lifted its position in shares of Infosys by 43.5% during the 3rd quarter. Mondrian Investment Partners LTD now owns 3,454,027 shares of the technology company’s stock worth $35,127,000 after purchasing an additional 1,046,894 shares during the last quarter. Finally, Polaris Capital Management LLC lifted its position in shares of Infosys by 106.5% during the 3rd quarter. Polaris Capital Management LLC now owns 19,982,318 shares of the technology company’s stock worth $203,220,000 after purchasing an additional 10,307,444 shares during the last quarter. Institutional investors own 18.18% of the company’s stock.
Infosys Company Profile
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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