Cantor Fitzgerald Maintains Their Buy Rating on WNS Limited

In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on WNS Limited (NYSE: WNS), with a price target of $56. The company’s shares closed on Friday at $48.08, close to its 52-week high of $49.85.

Foresi said:

“We will be catching up with the management of WNS, who will be on the “hot seat” on May 8th & 9th in Texas. Please ask us or your Cantor salesperson for details or let us know if you have any questions for management.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 16.6% and a 82.0% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.

Currently, the analyst consensus on WNS Limited is Moderate Buy and the average price target is $56.50, representing a 17.5% upside.

In a report issued on April 27, Barrington also assigned a Buy rating to the stock with a $57 price target.

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Based on WNS Limited’s latest earnings release for the quarter ending March 31, the company reported a quarterly quarterly net profit of $24.43 million. In comparison, last year the company had a GAAP net loss of $5.04 million.

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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. The company operates through two segments: WNS Global BPM and WNS Auto Claims BPM.