Wipro Ltd (NYSE:WIT) shares traded -0.33% down during most recent session to reach at the closing price of $6.13. The stock exchanged hands 1.61 Million shares versus average trading capacity of 1.58 Million shares, yielding a market cap of $21.65 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $5 within the next 52-weeks. The mean target projections are based on 3 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Wipro Ltd (NYSE:WIT) high price target of $5.8 and with a conservative view have low price target of $4.25.
Bank of America “Maintained” Wipro Ltd (NYSE:WIT) in a research note issued to investors on 7/21/17 to Neutral with price target of $277.
Additionally on 8/09/16 HSBC “Downgrades” Wipro Ltd (NYSE:WIT) to Reduce and on 4/21/16 Citigroup “Downgrades” the stock to Sell. Furthermore on 12/17/15 Sterne Agee CRT “Initiates Coverage on” the stock to Underperform at $11.
On the other hand the company has Relative Strength Index (RSI 14) of 64.97 along with Average True Range (ATR 14) of 0.13, Consequently Wipro Ltd (NYSE:WIT)’s weekly and monthly volatility is 1.70%, 2.28% respectively. The company’s beta value is at 0.91.
In terms of Buy, Sell or Hold recommendations, Wipro Ltd (NYSE:WIT) has analysts’ mean recommendation of 3.7. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Wipro Ltd (NYSE:WIT)’s minimum EPS for the current quarter is at $0.06 and can go high up to $0.07. The consensus mean EPS for the current quarter is at $0.06 derived from a total of 2 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.07 earnings per share for the same quarter during last year.
Previously Wipro Ltd (NYSE:WIT) reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company posted an earnings surprise of 16.7%.
Wipro Ltd (NYSE:WIT)’s revenue estimates for the current quarter are $2.17 Billion according to 2 number of analysts, for the current quarter the company has high revenue estimates of $2.17 Billion in contradiction of low revenue estimates of $2.16 Billion. For the current year the company’s revenue estimates are $8.75 Billion compared to low analyst estimates of $8.52 Billion and high estimates of $9.01 Billion according to 4 number of analysts.
Currently Wipro Ltd (NYSE:WIT)’s shares owned by insiders are 79%, whereas shares owned by institutional owners are 2.6%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 2%.
Wipro Ltd (NYSE:WIT) 52-week high price stands at $6.40 and low price stands at $4.50, its price distance from 52-week high is -4.22% while its distance from 52-week low price is 36.22%. The stock hit its 52-week high on 08/01/17, and 52-week low on 02/01/17.
Wipro Ltd (NYSE:WIT)’s trailing twelve month revenues are $8.65 Billion, whereas its price to sales ratio for the same period is 2.5. Its book value per share for the most recent quarter is $1.75 while its price to book ratio for the same period is 3.5, as for as the company’s cash per share for the most recent quarter is $1.66, however its price to cash per share ratio for the same period is 3.69. The stock has 5 year expected PEG ratio of 2.78 whereas its trailing twelve month P/E ratio is 22.21.