William Blair Maintains Outperform On Genpact Limited Following New CFO Appointment
In a research note released today, William Blair analyst Anil Doradla maintained an Outperform rating on shares of Genpact Limited (G) following today’s news that Edward J. Fitzpatrick has officially been appointed as Genpact’s new chief financial officer, effective July 15, 2014.
Doradla comments: “We believe that this announcement is a continuation of the senior management transition from India to the United States that CEO Tiger Tyagarajan has affirmed since taking over as the CEO in 2005. We believe that Mr. Bhatia may have been reluctant to relocate to the United States, which in turn may have been the key reason for the company’s decision to bring on someone new who is based out of the United States. In addition, in our opinion, the CEO’s strategy of relocating senior management and vertical heads to the United States will have a positive impact on the company’s relationships with both clients and investors”.
According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst Anil Doradla currently has a one-year average return of 2.7% and a 54% success rate. He is ranked #1759 out of 3135 analysts.