Genpact (NYSE:G) PT Lowered to $33.00

Genpact (NYSE:G) had its price objective cut by research analysts at Citigroup from $36.00 to $33.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Citigroup’s price target suggests a potential upside of 4.23% from the stock’s current price.

A number of other research analysts also recently commented on G. Mizuho started coverage on shares of Genpact in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Genpact in a report on Friday, February 9th. StockNews.com downgraded Genpact from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. raised their price target on Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.78.

Genpact Stock Up 0.4 %

Genpact stock opened at $31.66 on Monday. The stock’s fifty day moving average is $33.35 and its two-hundred day moving average is $34.20. The stock has a market cap of $5.71 billion, a PE ratio of 9.23, a P/E/G ratio of 1.49 and a beta of 1.07. Genpact has a 1-year low of $29.41 and a 1-year high of $44.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 1.44.

Genpact (NYSE:G) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. Genpact had a return on equity of 23.19% and a net margin of 14.10%. On average, sell-side analysts expect that Genpact will post 2.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Genpact

Several hedge funds have recently modified their holdings of the stock. EdgeRock Capital LLC acquired a new stake in Genpact in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Genpact by 106.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock valued at $32,000 after buying an additional 471 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Genpact in the 4th quarter valued at approximately $43,000. Covestor Ltd boosted its stake in shares of Genpact by 140.2% in the third quarter. Covestor Ltd now owns 1,549 shares of the business services provider’s stock valued at $56,000 after buying an additional 904 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Genpact by 120.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock worth $60,000 after acquiring an additional 989 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.