Genpact (NYSE:G) Given New $45.00 Price Target at TD Cowen

Genpact (NYSE:G) had its price objective raised by equities research analysts at TD Cowen from $40.00 to $45.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. TD Cowen’s target price would indicate a potential downside of 2.15% from the company’s current price.

Several other research analysts also recently commented on the company. Robert W. Baird lifted their target price on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday. Needham & Company LLC upped their price objective on Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Jefferies Financial Group lifted their price target on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Finally, BMO Capital Markets lifted their target price on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.89.

Genpact Trading Up 10.0 %

G traded up $4.18 during mid-day trading on Friday, hitting $45.99. The stock had a trading volume of 1,619,788 shares, compared to its average volume of 1,318,535. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.89 and a quick ratio of 1.89. Genpact has a 1-year low of $29.41 and a 1-year high of $47.96. The stock’s fifty day simple moving average is $38.90 and its 200-day simple moving average is $35.41. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 1.62 and a beta of 1.13.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Genpact had a net margin of 14.12% and a return on equity of 22.28%. As a group, research analysts forecast that Genpact will post 2.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in G. Janney Montgomery Scott LLC purchased a new position in Genpact in the 1st quarter worth $703,000. Empowered Funds LLC purchased a new position in shares of Genpact in the first quarter worth about $1,937,000. Concurrent Investment Advisors LLC grew its position in Genpact by 25.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 23,352 shares of the business services provider’s stock worth $769,000 after acquiring an additional 4,748 shares during the last quarter. Headlands Technologies LLC increased its stake in Genpact by 2,366.8% in the 1st quarter. Headlands Technologies LLC now owns 5,057 shares of the business services provider’s stock worth $167,000 after purchasing an additional 4,852 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in shares of Genpact by 6.5% in the first quarter. QRG Capital Management Inc. now owns 58,432 shares of the business services provider’s stock worth $1,925,000 after purchasing an additional 3,589 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.