Genpact (NYSE:G) Price Target Raised to $48.00

Genpact (NYSE:G) had its price target boosted by research analysts at Robert W. Baird from $44.00 to $48.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target would suggest a potential upside of 14.70% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. TD Cowen increased their price target on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Jefferies Financial Group increased their price target on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. increased their price target on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Needham & Company LLC increased their price target on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets increased their price target on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $39.89.

Genpact Stock Up 3.4 %

Shares of NYSE G opened at $41.85 on Friday. Genpact has a 12-month low of $29.41 and a 12-month high of $42.32. The stock has a market cap of $7.46 billion, a PE ratio of 11.82, a P/E/G ratio of 1.62 and a beta of 1.13. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average of $38.90 and a 200 day moving average of $35.41.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. Genpact had a net margin of 14.12% and a return on equity of 22.28%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. As a group, sell-side analysts predict that Genpact will post 2.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Genpact

A number of hedge funds have recently added to or reduced their stakes in G. Capital International Investors lifted its holdings in Genpact by 51.8% during the 1st quarter. Capital International Investors now owns 3,086,957 shares of the business services provider’s stock worth $101,715,000 after buying an additional 1,053,236 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Genpact by 34.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock worth $107,065,000 after buying an additional 847,249 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Genpact by 130.3% in the 2nd quarter. Pzena Investment Management LLC now owns 1,163,870 shares of the business services provider’s stock valued at $37,465,000 after purchasing an additional 658,560 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Genpact in the 3rd quarter valued at $19,779,000. Finally, Tandem Investment Advisors Inc. acquired a new stake in shares of Genpact in the 3rd quarter valued at $17,025,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

About Genpact

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.