JPMorgan Chase & Co. Boosts Genpact (NYSE:G) Price Target to $43.00

Genpact (NYSE:GGet Free Report) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $42.00 to $43.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “underweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 17.71% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Citigroup boosted their price objective on shares of Genpact from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. StockNews.com raised shares of Genpact from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Genpact in a report on Friday. Robert W. Baird reaffirmed a “neutral” rating and issued a $38.00 target price on shares of Genpact in a report on Friday, December 15th. Finally, Mizuho initiated coverage on shares of Genpact in a report on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Genpact has a consensus rating of “Hold” and a consensus target price of $40.11.

Get Our Latest Stock Analysis on G

Genpact Trading Up 4.6 %

NYSE:G opened at $36.53 on Friday. Genpact has a one year low of $29.41 and a one year high of $48.58. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.91 and a quick ratio of 1.91. The company’s 50-day simple moving average is $34.95 and its 200 day simple moving average is $35.40. The firm has a market capitalization of $6.62 billion, a P/E ratio of 10.65, a PEG ratio of 1.57 and a beta of 1.11.

Genpact (NYSE:GGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. Genpact had a net margin of 14.10% and a return on equity of 24.06%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. As a group, analysts forecast that Genpact will post 2.71 EPS for the current fiscal year.

Insider Activity

In other news, SVP Heather White sold 11,450 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $36.00, for a total transaction of $412,200.00. Following the completion of the transaction, the senior vice president now directly owns 21,175 shares of the company’s stock, valued at $762,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in G. Neuberger Berman Group LLC boosted its position in shares of Genpact by 2.2% in the first quarter. Neuberger Berman Group LLC now owns 12,165 shares of the business services provider’s stock worth $529,000 after purchasing an additional 258 shares during the period. Pathstone Family Office LLC boosted its position in shares of Genpact by 1.8% in the fourth quarter. Pathstone Family Office LLC now owns 15,076 shares of the business services provider’s stock worth $697,000 after purchasing an additional 265 shares during the period. Bessemer Group Inc. boosted its position in shares of Genpact by 5.2% in the second quarter. Bessemer Group Inc. now owns 5,457 shares of the business services provider’s stock worth $204,000 after purchasing an additional 270 shares during the period. American Trust boosted its position in shares of Genpact by 2.8% in the fourth quarter. American Trust now owns 10,888 shares of the business services provider’s stock worth $504,000 after purchasing an additional 298 shares during the period. Finally, Belpointe Asset Management LLC boosted its position in shares of Genpact by 27.6% in the first quarter. Belpointe Asset Management LLC now owns 1,446 shares of the business services provider’s stock worth $67,000 after purchasing an additional 313 shares during the period. 96.33% of the stock is owned by hedge funds and other institutional investors.

About Genpact

(Get Free Report)

Genpact Limited provides business process outsourcing and information technology (IT) 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 company offers CFO advisory services; and environmental, social, and governance (ESG) services, such as data management, carbon accounting, human rights assessment, sustainability diligence, and ESG reporting.

Further Reading

Analyst Recommendations for Genpact (NYSE:G)

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