Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Genpact Limited (G) today and set a price target of $36. The company’s shares closed yesterday at $29.09.
Foresi noted:
“We maintain our Overweight rating on Genpact following a meeting with management. We expect BPO to get attention from the investment community in the current volatile market, as it is a steady. The demand environment remains promising with a healthy pipeline. Genpact expects to expand margins in 2019, despite headwinds. If the company can deliver on these objectives, the risk/ reward is in the investors favor.”
According to TipRanks.com, Foresi is a top 100 analyst with an average return of 15.1% and a 69.8% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
Genpact Limited has an analyst consensus of Moderate Buy, with a price target consensus of $34.17.
See today’s analyst top recommended stocks >>
Genpact Limited’s market cap is currently $5.53B and has a P/E ratio of 21.06. The company has a Price to Book ratio of 4.30.
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 providing digital-led solutions. The company was founded by Pramod Bhasin in 1997 and is headquartered in Hamilton, Bermuda.
