Infosys Ltd (INFY) Given "Hold" Rating at BMO Capital Markets

Cornelia Mascio
Aprile 27, 2017

Stifel Nicolaus reiterated a "hold" rating and issued a $15.50 target price on shares of Infosys in a research note on Tuesday, April 18th. Zacks Investment Research upgraded shares of Infosys from a "hold" rating to a "buy" rating and set a $18.00 price objective for the company in a research note on Monday, March 20th. Bank of America Corp lowered shares of Infosys from a "buy" rating to a "neutral" rating in a research note on Thursday, December 1st. This rating was issued on 12/01/16. Finally, CLSA downgraded shares of Infosys from an "outperform" rating to an "underperform" rating in a research report on Friday, January 6th. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Additionally, HSBC Securities Downgrade its ratings on the stock to Hold.

Shares of Infosys (NYSE:INFY) opened at 14.50 on Thursday. The stock exchanged hands with 7.74 million shares contrast to its average daily volume of 8.22 million shares.

During last 5 trades the stock sticks nearly 0.83%. The Company has 52-week high of $19.41 and 52-week low of $13.42.

Infosys Limited (INFY)'s distance from 200 day simple moving average is -5.91 percent, its distance from 50 day simple moving average is -5.07 percent, while its distance from 20 day simple moving average is -4.95 percent.

Comparatively, Infosys Limited posted earnings of $0.27 per share in the same quarter a year ago. The technology company reported $0.24 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.24. The Return on Equity (ROE) value stands at 22%.

12 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 2748.2 million while high and low sale targets are estimated at 2806.36 million and 2700.2 million respectively. EPS growth in past five years was 142.40% while EPS growth in next five years is projected to arrive at 10.67%. The Company's year to date (YTD) performance is now positive at 18.39%. Analysts forecast that Infosys Ltd will post $0.97 earnings per share for the current fiscal year.

Several other analysts have also recently issued reports on INFY. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & worldwide copyright legislation.

Infosys Ltd (NYSE:INFY) was the recipient of a large increase in short interest during the month of March. Tracking most recent quarter period, Price to book (P/B) ration is at 2.52 and Price to cash per share ration is at 87.77. We can't assume the past will always reflect the future, but logically stocks that have grown earnings per share strongly in the past are a good bet to continue to do so. Capstone Asset Management Co. boosted its stake in shares of Infosys by 0.5% in the first quarter. The stock added 2.84% beyond one week and declined -1.49% during previous one month session. The stock is showing its Operating Margin of 24.7 percent. PNC Financial Services Group Inc. raised its stake in shares of Infosys by 17.5% in the third quarter. Comgest Global Investors S.A.S. now owns 35,854,909 shares of the technology company's stock worth $531,728,000 after buying an additional 3,677,960 shares during the period. Comgest Global Investors S.A.S. raised its position in Infosys by 11.4% in the fourth quarter. Somerset Capital Management LLP bought a new stake in Infosys during the third quarter valued at approximately $42,966,000.

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