In a report released today, Mayank Tandon from Needham reiterated a Buy rating on Genpact Limited (G), with a price target of $48.00. The company’s shares closed last Monday at $38.79.
According to TipRanks.com, Tandon is a 5-star analyst with an average return of 16.6% and a 62.3% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Exlservice Holdings, and Q2 Holdings Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Genpact Limited with a $45.71 average price target, which is a 18.4% upside from current levels. In a report issued on September 16, Robert W. Baird also maintained a Buy rating on the stock with a $48.00 price target.
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Based on Genpact Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $73.72 million. In comparison, last year the company had a net profit of $64.57 million.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of G in relation to earlier this year.
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Genpact Ltd. engages in the business process management, outsourcing, shared services, and information outsourcing. It focuses on designing and running intelligent operations and transformation services, which provides digital, consulting and analytics services. The company was founded by Pramod Bhasin in 1997 and is headquartered in Hamilton, Bermuda.
