Infosys Limited (NYSE:INFY – Get Free Report) has earned an average recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $19.78.
A number of equities analysts recently issued reports on the stock. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th.
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Infosys Stock Performance
Shares of INFY opened at $18.41 on Tuesday. Infosys has a 52-week low of $16.04 and a 52-week high of $23.63. The firm has a market cap of $76.24 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 3.50 and a beta of 1.01. The business’s fifty day moving average is $21.25 and its 200-day moving average is $22.07.
Infosys (NYSE:INFY – Get Free Report) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the firm earned $0.18 EPS. As a group, research analysts forecast that Infosys will post 0.74 EPS for the current fiscal year.
About Infosys
Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.
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