Infosys Ltd. (NYSE:INFY) Receives $11.63 Average Target Price from Brokerages

Shares of Infosys Ltd. (NYSE:INFY) have been given a consensus rating of “Reduce” by the eleven analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $11.6311.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $10.90 target price (down from $12.70) on shares of Infosys in a research report on Friday, July 24th. CLSA lowered shares of Infosys from an “outperform” rating to a “hold” rating in a research note on Wednesday. Weiss Ratings lowered shares of Infosys from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Susquehanna lowered their price objective on shares of Infosys from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, HSBC set a $11.47 price objective on shares of Infosys and gave the stock a “hold” rating in a research note on Friday, July 24th.

Infosys Stock Performance

INFY opened at $11.84 on Tuesday. The company has a market capitalization of $47.92 billion, a P/E ratio of 14.62, a PEG ratio of 2.80 and a beta of 0.88. The company has a 50-day moving average of $11.51 and a 200-day moving average of $12.88. Infosys has a 1-year low of $10.30 and a 1-year high of $30.00.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $4.99 billion for the quarter, compared to the consensus estimate of $5.08 billion. Infosys had a return on equity of 33.91% and a net margin of 16.38%. As a group, sell-side analysts expect that Infosys will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of Infosys

Several hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new position in Infosys during the 1st quarter worth $97,000. Laidlaw Wealth Management LLC bought a new stake in Infosys in the second quarter valued at $117,000. Foster Group Inc. acquired a new position in shares of Infosys during the second quarter valued at $127,000. State of Wyoming acquired a new position in shares of Infosys during the first quarter valued at $134,000. Finally, Aureus Asset Management LLC bought a new position in shares of Infosys during the first quarter worth about $142,000. Institutional investors own 16.20% of the company’s stock.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.