Genpact Limited (G) Receives Average Recommendation of “Hold” from Analysts

Shares of Genpact Limited (NYSE:G) have received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $34.93.

A number of brokerages recently issued reports on G. Zacks Investment Research restated a “buy” rating and set a $30.00 price objective on shares of Genpact in a report on Tuesday, November 13th. Cowen restated a “buy” rating and set a $35.00 price objective on shares of Genpact in a report on Wednesday, November 7th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price objective on shares of Genpact in a report on Wednesday, November 7th. Wells Fargo & Co set a $32.00 price objective on shares of Genpact and gave the company a “hold” rating in a report on Wednesday, November 7th. Finally, SunTrust Banks restated a “buy” rating and set a $37.00 price objective on shares of Genpact in a report on Thursday, August 9th.

Shares of NYSE:G opened at $29.83 on Monday. Genpact has a one year low of $26.46 and a one year high of $34.79. The company has a quick ratio of 1.52, a current ratio of 1.31 and a debt-to-equity ratio of 0.77. The company has a market cap of $5.67 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64.

Genpact (NYSE:G) last issued its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The firm had revenue of $747.98 million during the quarter, compared to analysts’ expectations of $754.93 million. Genpact had a net margin of 9.31% and a return on equity of 22.26%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 earnings per share. As a group, equities research analysts forecast that Genpact will post 1.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Monday, December 10th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $0.30 dividend on an annualized basis and a yield of 1.01%. Genpact’s payout ratio is 20.13%.

A number of institutional investors and hedge funds have recently modified their holdings of G. State of Alaska Department of Revenue increased its holdings in Genpact by 15.3% during the second quarter. State of Alaska Department of Revenue now owns 16,120 shares of the business services provider’s stock worth $465,000 after buying an additional 2,140 shares during the last quarter. Bank of Montreal Can acquired a new position in Genpact during the second quarter worth $3,476,000. Nisa Investment Advisors LLC acquired a new position in Genpact during the second quarter worth $188,000. Acadian Asset Management LLC acquired a new position in Genpact during the second quarter worth $3,712,000. Finally, Unigestion Holding SA acquired a new position in Genpact during the second quarter worth $4,111,000. Institutional investors and hedge funds own 88.91% of the company’s stock.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; over-the counter services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

Recommended Story: What is the quiet period?

Analyst Recommendations for Genpact (NYSE:G)

Receive News & Ratings for Genpact Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genpact and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply