Shares of Infosys Ltd (NYSE:INFY) have been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $11.20.
Several analysts have recently weighed in on INFY shares. Zacks Investment Research upgraded shares of Infosys from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, March 19th. HSBC lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Wells Fargo & Co reiterated a “hold” rating on shares of Infosys in a research note on Friday, April 12th. Citigroup lowered shares of Infosys from a “buy” rating to a “neutral” rating in a research note on Monday, April 15th. Finally, Morgan Stanley lowered shares of Infosys from an “overweight” rating to an “equal weight” rating and set a $10.62 price objective for the company. in a research note on Monday, April 15th.
Infosys stock traded down $0.22 during mid-day trading on Friday, hitting $10.29. 83,818 shares of the stock were exchanged, compared to its average volume of 11,871,435. Infosys has a 12 month low of $8.62 and a 12 month high of $11.38. The firm has a market cap of $45.16 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 2.00 and a beta of 0.52.
Infosys (NYSE:INFY) last released its quarterly earnings data on Friday, April 12th. The technology company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.04 billion. Infosys had a net margin of 18.62% and a return on equity of 25.41%. During the same quarter in the previous year, the business posted $0.13 EPS. Equities research analysts expect that Infosys will post 0.55 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Nkcfo LLC bought a new stake in Infosys during the 4th quarter valued at $25,000. Next Capital Management LLC bought a new stake in Infosys during the 1st quarter valued at $26,000. Financial Gravity Wealth Inc. bought a new stake in Infosys during the 1st quarter valued at $27,000. We Are One Seven LLC bought a new stake in Infosys during the 4th quarter valued at $28,000. Finally, Asahi Life Asset Management CO. LTD. bought a new stake in Infosys during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 17.57% of the company’s stock.
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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