Barrington Keeps Their Buy Rating on Virtusa Corp (VRTU)


Barrington analyst Vincent Colicchio maintained a Buy rating on Virtusa Corp (VRTU) today and set a price target of $64. The company’s shares closed yesterday at $54.20.

Colicchio commented:

“We are reducing our fiscal 2020 non-GAAP EPS forecast to $2.70 from $2.78 and introducing our initial fiscal 2021 non-GAAP EPS forecast of $3.18.”

According to TipRanks.com, Colicchio has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.2% and a 50.0% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Virtusa Corp with a $60 average price target, representing a 10.7% upside. In a report released today, Wedbush also reiterated a Buy rating on the stock with a $60 price target.

See today’s analyst top recommended stocks >>

Virtusa Corp’s market cap is currently $1.62B and has a P/E ratio of 330.69. The company has a Price to Book ratio of 4.26.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock.

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Virtusa Corp. engages in the provision of information technology consulting, technology implementation, and application outsourcing services. Its services includes business process management, application services, infrastructure management, enterprise information management, independent validation services, platforming, mobility, enterprise resource planning, business consulting, customer experience management, and cloud. The company was founded by Krishan A. Canekeratne, Tushara Canekeratne and John Gillis in November 1996 and is headquartered in Westborough, MA.

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