Cantor Fitzgerald Believes Genpact Limited (G) Still Has Room to Grow


In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on Genpact Limited (G), with a price target of $40. The company’s shares opened today at $37.40, close to its 52-week high of $37.70.

Foresi observed:

“. We maintain our Overweight rating and increase our 12- month PT to $40 from $36. Quarterly top-line results came in above expectations, and EPS beat estimates. There is optimism about 2019 as global client growth is expected to improve and GE to accelerate. We remain optimistic about the company due to the healthy demand backdrop for BPO and the increased client activity brought about by digital engagements.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 22.3% and a 87.7% success rate. Foresi covers the Technology sector, focusing on stocks such as International Business Machines Corporation, Jack Henry & Associates, and Fidelity National Info.

Currently, the analyst consensus on Genpact Limited is a Strong Buy with an average price target of $36.88.

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Genpact Limited’s market cap is currently $6.81B and has a P/E ratio of 24.78. The company has a Price to Book ratio of 4.85.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, Patrick Cogny, the SVP of G sold 9,943 shares for a total of $331,698.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Genpact Ltd. engages in the business process management, outsourcing, shared services, and information outsourcing. It focuses on designing and running intelligent operations and transformation services, which provides digital, consulting and analytics services. The company was founded by Pramod Bhasin in 1997 and is headquartered in Hamilton, Bermuda.

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