Genpact Limited (NYSE:G) Receives $39.78 Average Price Target from Brokerages

Genpact Limited (NYSE:G) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $39.78.

A number of research firms recently weighed in on G. Mizuho started coverage on shares of Genpact in a research report on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price target on the stock. Citigroup dropped their target price on shares of Genpact from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. JPMorgan Chase & Co. upped their target price on Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a report on Friday, February 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Genpact in a research report on Friday, February 9th. Finally, StockNews.com cut Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th.

Genpact Stock Performance

Shares of Genpact stock opened at $32.30 on Thursday. The company has a market cap of $5.82 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 1.47 and a beta of 1.07. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. Genpact has a 52 week low of $29.41 and a 52 week high of $40.15. The business has a 50 day moving average price of $32.49 and a 200-day moving average price of $33.88.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. Genpact had a return on equity of 23.19% and a net margin of 14.10%. Equities analysts anticipate that Genpact will post 2.7 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Monday, June 10th will be given a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Monday, June 10th. Genpact’s dividend payout ratio is currently 17.78%.

Institutional Investors Weigh In On Genpact

Large investors have recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new stake in Genpact during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC grew its position in shares of Genpact by 106.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 471 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Genpact during the 4th quarter valued at $43,000. Covestor Ltd lifted its holdings in Genpact by 140.2% during the 3rd quarter. Covestor Ltd now owns 1,549 shares of the business services provider’s stock worth $56,000 after purchasing an additional 904 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Genpact by 120.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock worth $60,000 after purchasing an additional 989 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Company Profile

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.