Genpact Limited (G) Receives a Rating Update from a Top Analyst


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 on Friday at $29.25.

Foresi observed:

“Our Overweight rating on Genpact is based on our belief that an acceleration in the company’s growth rate and margin expansion will drive results and multiples over the long term. In our opinion, Genpact deserves a multiple above the peer group average, as margins are expanding and Global Client BPO revenues are still showing solid growth. Valuation Summary Our price target of $36 is based on 18x our 2019 EPS estimate, 14x our 2019 EV/ EBITDA estimate, and 24x our 2019 EV/FCF estimate.”

According to TipRanks.com, Foresi is a top 100 analyst with an average return of 14.4% and a 67.6% 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 Genpact Limited is a Moderate Buy with an average price target of $34.17.

See today’s analyst top recommended stocks >>

The company has a one-year high of $34.79 and a one-year low of $26.46. Currently, Genpact Limited has an average volume of 735.6K.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts