WNS Limited (WNS) Receives a Buy from Barrington

In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on WNS Limited (WNS), with a price target of $72. The company’s shares closed yesterday at $62.30, close to its 52-week high of $63.52.

Colicchio commented:

“We are increasing our fiscal 2020 and fiscal 2021 non-GAAP EPS forecasts to $2.85 and $3.15 from $2.79 and $3.12, respectively.”

According to TipRanks.com, Colicchio is a 1-star analyst with an average return of -2.8% and a 50.9% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for WNS Limited with a $69 average price target, a 10.8% upside from current levels. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $72 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 net profit of $29.71 million. In comparison, last year the company had a net profit of $22.2 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.

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