In a report released today, Edward Caso from Wells Fargo maintained a Hold rating on Infosys Limited (INFY). The company’s shares closed yesterday at $10.94, close to its 52-week high of $11.04.
According to TipRanks.com, Caso is a 3-star analyst with an average return of 2.1% and a 58.8% success rate. Caso covers the Technology sector, focusing on stocks such as Science Applications, Caci International, and Accenture.
Currently, the analyst consensus on Infosys Limited is a Hold with an average price target of $9.80.
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Infosys Limited’s market cap is currently $47.57B and has a P/E ratio of 28.96. The company has a Price to Book ratio of 5.11.
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Infosys Ltd. is a consulting, technology and outsourcing company, which provides end-to-end business solutions thereby enabling clients to enhance business performance. The company operates through following segments: Financial Services, Manufacturing, Retail, Consumer packaged goods and Logistics, the Energy & Utilities, Communication & Services, Hi-Tech, Life Sciences, Healthcare & Insurance and All Other. It offers information technology services, engineering Services, consulting Services, BPO services and products and platforms. The company’s end-to-end business solutions include business information technology services, comprising application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services, comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking product, which offers solutions to address core banking, mobile banking and e-banking needs of retail, corporate and universal banks worldwide. Infosys was founded by K. Dinesh, S. Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Nandan M. Nilekani, Raghavan N. S., Ashok Arora and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.
