Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on WNS Limited (WNS) today and set a price target of $56. The company’s shares closed yesterday at $49.52.
Foresi wrote:
“: We maintain our Overweight rating on WNS and our 12- month PT of $56. We recently traveled with management. We learned the demand environment remains healthy, unchanged for a defensive BPO business. FX is a slight headwind, but manageable, in our view. We believe margins remain a long-term opportunity.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 16.4% and a 75.4% 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 $58 average price target.
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WNS Limited’s market cap is currently $2.47B and has a P/E ratio of 25.94. The company has a Price to Book ratio of 5.52.
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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.