Cantor Fitzgerald Keeps Their Buy Rating on WNS Limited (WNS)


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 yesterday at $56.43, close to its 52-week high of $57.09.

Foresi noted:

“. We maintain our Overweight rating on WNS and our PT of $61*. WNS reported strong 4QFY19 bottom line results and solid constant currency (cc) growth. FY20 EPS guidance was issued. Growth was impacted by a currency headwind but margins were healthy. We look to the conference call to provide details on the impact of FX, recent client wins and margin outlook.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 22.5% and a 89.9% 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 WNS Limited is a Strong Buy with an average price target of $62.20, implying a 10.2% upside from current levels. In a report issued on April 23, Barrington also maintained a Buy rating on the stock with a $60 price target.

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The company has a one-year high of $57.09 and a one-year low of $39.24. Currently, WNS Limited has an average volume of 125.8K.

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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.

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