In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on WNS Limited (WNS), with a price target of $61. The company’s shares closed on Friday at $53.43, close to its 52-week high of $54.38.
Foresi commented:
“Our Overweight rating on WNS is based on our view that the overall demand environment for business process outsourcing (BPO) continues to be attractive, as the market is underpenetrated. We believe WNS’ healthy pipeline and strong balance sheet are an asset going forward. We see a favorable risk/reward in the name and recommend investors take a look. Valuation Summary Our price target of $61 is based on 22x our CY19 EPS estimate and 14x our CY19 EV/EBITDA estimate.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 20.3% and a 86.8% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for WNS Limited with a $62 average price target.
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The company has a one-year high of $54.38 and a one-year low of $39.24. Currently, WNS Limited has an average volume of 189.7K.
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WNS (Holdings) Ltd. is a global business process management company. It offers comprehensive data, voice, analytical and business transformation services with a blended onshore, nearshore and offshore delivery model.
