Genpact (NYSE:G) Price Target Increased to $44.00 by Analysts at Robert W. Baird

Genpact (NYSE:G) had its target price lifted by Robert W. Baird from $38.00 to $44.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target indicates a potential upside of 13.02% from the stock’s current price.

G has been the topic of a number of other research reports. TD Cowen upped their target price on Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Needham & Company LLC boosted their target price on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Jefferies Financial Group upped their price target on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 9th. Finally, BMO Capital Markets lifted their price objective on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.44.

Genpact Trading Down 1.6 %

NYSE G opened at $38.93 on Wednesday. The stock has a market cap of $7.01 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.63 and a beta of 1.13. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. Genpact has a 12-month low of $29.41 and a 12-month high of $39.95. The company has a fifty day simple moving average of $37.98 and a two-hundred day simple moving average of $34.37.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Genpact had a return on equity of 22.28% and a net margin of 14.12%. On average, analysts forecast that Genpact will post 2.85 earnings per share for the current year.

Institutional Investors Weigh In On Genpact

A number of institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in Genpact by 160.8% in the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock worth $31,000 after buying an additional 587 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Genpact by 120.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock worth $60,000 after acquiring an additional 989 shares during the last quarter. Quarry LP increased its position in shares of Genpact by 530.1% during the fourth quarter. Quarry LP now owns 2,073 shares of the business services provider’s stock worth $72,000 after purchasing an additional 1,744 shares in the last quarter. Versant Capital Management Inc raised its stake in Genpact by 4,717.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 2,123 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Genpact by 221.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 2,293 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.