Wipro Limited (NYSE:WIT – Get Free Report) has earned a consensus rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.60.
Several brokerages have weighed in on WIT. Investec lowered Wipro from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. StockNews.com raised Wipro from a “hold” rating to a “buy” rating in a report on Wednesday.
View Our Latest Stock Report on WIT
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Wipro Price Performance
WIT opened at $7.23 on Friday. The stock has a fifty day moving average of $6.70 and a 200-day moving average of $6.26. The firm has a market capitalization of $37.75 billion, a P/E ratio of 26.76, a PEG ratio of 4.81 and a beta of 0.92. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.08. Wipro has a 12-month low of $4.91 and a 12-month high of $7.28.
Wipro’s stock is scheduled to split on the morning of Wednesday, December 11th. The 2-1 split was announced on Tuesday, October 22nd. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, December 10th.
Wipro (NYSE:WIT – Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The information technology services provider reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.66 billion. Wipro had a return on equity of 14.98% and a net margin of 13.23%. Equities analysts forecast that Wipro will post 0.27 EPS for the current fiscal year.
About Wipro
Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises.
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