TELUS International (Cda) (NYSE:TIXT) Given New $9.00 Price Target at Barclays

TELUS International (Cda) (NYSE:TIXT) had its target price decreased by equities research analysts at Barclays from $12.00 to $9.00 in a research note issued on Friday, April 26th, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 43.31% from the stock’s current price.

Several other research firms also recently weighed in on TIXT. TheStreet upgraded TELUS International (Cda) from a “d” rating to a “c-” rating in a report on Monday, February 12th. Canaccord Genuity Group boosted their price objective on TELUS International (Cda) from $14.50 to $16.50 and gave the company a “buy” rating in a report on Monday, February 12th. Robert W. Baird reduced their target price on TELUS International (Cda) from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Citigroup lowered their target price on shares of TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Finally, BMO Capital Markets lifted their target price on shares of TELUS International (Cda) from $8.00 to $10.50 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.10.

TELUS International (Cda) Price Performance

TIXT stock traded down $0.08 during mid-day trading on Friday, reaching $6.28. 245,246 shares of the company traded hands, compared to its average volume of 216,768. TELUS International has a 52-week low of $6.03 and a 52-week high of $17.56. The company has a market capitalization of $670.89 million, a P/E ratio of 42.34, a P/E/G ratio of 1.00 and a beta of 0.86. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.14. The company has a fifty day moving average price of $8.45 and a 200-day moving average price of $8.36.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $657.00 million during the quarter, compared to analysts’ expectations of $675.33 million. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. As a group, analysts anticipate that TELUS International will post 0.89 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Research Global Investors boosted its holdings in shares of TELUS International (Cda) by 5.2% in the fourth quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock valued at $119,621,000 after acquiring an additional 689,468 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in shares of TELUS International (Cda) in the fourth quarter valued at $26,554,000. 1832 Asset Management L.P. boosted its stake in TELUS International (Cda) by 23.9% during the fourth quarter. 1832 Asset Management L.P. now owns 1,220,700 shares of the company’s stock valued at $10,474,000 after buying an additional 235,500 shares in the last quarter. Forge First Asset Management Inc. bought a new stake in TELUS International (Cda) in the first quarter worth about $2,758,000. Finally, TD Asset Management Inc lifted its holdings in TELUS International (Cda) by 7.6% in the 3rd quarter. TD Asset Management Inc now owns 297,208 shares of the company’s stock valued at $2,271,000 after acquiring an additional 20,919 shares during the last quarter. 59.55% of the stock is owned by institutional investors and hedge funds.

TELUS International (Cda) Company Profile

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.