Technology

Share Performance and Target Price Review Infosys Ltd (NYSE:INFY)

Infosys Ltd (NYSE:INFY) shares traded -0.14% during the most recent session the stock exchanged hands 5.68M shares versus average trading capacity of 5.71M shares, yielding a market cap of $32.59B. Wall Street analysts covering the stock are projecting that the stock will reach $15.55 within the next 52-weeks. The mean target projections are based on 11 opinions, the mean target was last revised on 04/18/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Infosys Ltd (NYSE:INFY) high price target of $18.00 and with a conservative view have low price target of $12.30 with a standard deviation of $1.08. If seeing target price from optimistic overview then it has a 35 percent upside potential from the latest closing price of $14.52.

Infosys Ltd (NYSE:INFY) “Initiated” by Goldman in a research note issued to investors on Mar-03-17 as Sell.

Additionally on Jan-06-17 Infosys Ltd (NYSE:INFY) was “Downgraded” by CLSA from Outperform to Underperform and on Sep-09-16 the stock was “Initiated” by Wedbush as Neutral at 18. Furthermore on Aug-09-16 the stock was “Downgraded” by HSBC Securities from Buy to Hold.

On the other hand the company has Relative Strength Index (RSI 14) of 36.98 along with Average True Range (ATR 14) of 0.19, Consequently Infosys Ltd (NYSE:INFY) weekly and monthly volatility is 0.89%, 1.21% respectively. The company’s beta value is at 0.89.

In terms of Buy, Sell or Hold recommendations, Infosys Ltd (NYSE:INFY) has analysts’ mean recommendation of 3.10. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Infosys Ltd (NYSE:INFY) will report earnings of $0.23 for the current quarter, however the company’s high EPS estimates are $0.25 and low estimates are $0.22. However the company reported $0.22 earnings per share for the same quarter during last year.

Previously Infosys Ltd (NYSE:INFY) reported $0.24 earnings per share (EPS) for the quarter on 4/13/2017 After Market Close, meeting the consensus estimate of $0.24 by $0.00. The company posted an earnings surprise of 0.00%.

While considering growth estimates of the company, it has current quarter growth estimates of 4.50%, comparing to the estimations of 3.20% during current year and 8.20% for next year. Past 5 years growth of Infosys Ltd (NYSE:INFY) observed at 5.80%, looking forward for the next 5 years it has a strong prediction of 10.67% over growth.

Infosys Ltd (NYSE:INFY) revenue estimates for the current quarter are $2.65B according to 12 number of analysts, for the current quarter the company has high revenue estimates of $2.73B in contradiction of low revenue estimates of $2.62B. For the current year the company’s revenue estimates are $10.97B compared to low analyst estimates of $10.82B and high estimates of $11.2B according 15 number of analysts.

Currently Infosys Ltd (NYSE:INFY) shares owned by insiders are 18.20%, whereas shares owned by institutional owners are 19.30%. However the six-month change in the insider ownership was recorded 0.00%, as well as three-month change in the institutional ownership was recorded 1.11%.

Infosys Ltd (NYSE:INFY) trading -25.10% away from its 52 week high of $19.41 and +8.20% far from the stock’s low point over the past 52 weeks, which was $13.42. The stock hit its 52-week high on 06/06/16, and 52-week low on 02/01/17. The company’s trailing twelve month income is 2.24B dollars and is paying 0.38% dividend yield annually.

Infosys Ltd (NYSE:INFY) trailing twelve month revenues are $10.68B, whereas its price to sales ratio for the same period is 3.08. Its book value per share for the most recent quarter is $2.35 while its price to book ratio for the same period is 6.18, as for as the company’s cash per share for the most recent quarter is $2.24, however its price to cash per share ratio for the same period is 6.47. The stock has a current PEG ratio of 2.78 where as its trailing twelve month P/E ratio is 29.63.

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