Somewhat Favorable News Coverage Somewhat Unlikely to Impact Genpact (G) Stock Price
Press coverage about Genpact (NYSE:G) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Genpact earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 47.4457077036947 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Genpact (G) Price Target Lowered to $37.00 at JPMorgan Chase & Co. (americanbankingnews.com)
- Kumbhmela ignites startup spark, inspires trio to aggregate hostels (yourstory.com)
- Genpact Limited Announces Increase in Quarterly Dividend (finance.yahoo.com)
- Genpact Reports Full Year and Fourth Quarter 2017 Results (finance.yahoo.com)
- Genpact tops Street 4Q forecasts (finance.yahoo.com)
Shares of Genpact (G) traded up $0.51 during trading on Wednesday, reaching $30.83. 1,015,551 shares of the company’s stock traded hands, compared to its average volume of 861,725. Genpact has a twelve month low of $23.34 and a twelve month high of $34.79. The company has a market capitalization of $6,235.27, a price-to-earnings ratio of 23.01, a PEG ratio of 2.01 and a beta of 0.57. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Friday, March 9th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Genpact’s previous quarterly dividend of $0.06. This represents a $0.30 annualized dividend and a yield of 0.97%. Genpact’s payout ratio is presently 17.91%.
G has been the subject of a number of analyst reports. Robert W. Baird restated a “buy” rating and issued a $38.00 price objective on shares of Genpact in a research report on Friday, November 10th. Cantor Fitzgerald restated a “buy” rating and issued a $36.00 price objective on shares of Genpact in a research report on Wednesday, November 8th. Citigroup cut their price objective on shares of Genpact from $39.00 to $37.50 and set a “buy” rating for the company in a research report on Tuesday. Zacks Investment Research lowered shares of Genpact from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, BMO Capital Markets raised their price objective on shares of Genpact to $35.00 and gave the company a “market perform” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $34.65.
In other news, SVP Piyush Mehta sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $32.00, for a total value of $400,000.00. Following the completion of the sale, the senior vice president now directly owns 77,944 shares in the company, valued at approximately $2,494,208. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Private Ltd Gic sold 1,499,806 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $30.26, for a total transaction of $45,384,129.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,660,470 shares of company stock valued at $50,598,982. 1.41% of the stock is currently owned by company insiders.
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Genpact Company Profile
Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.
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