Somewhat Positive Press Coverage Somewhat Unlikely to Impact Genpact Limited (G) Stock Price
News coverage about Genpact Limited (NYSE:G) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Genpact Limited earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 45.9602545679841 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Intrust Bank NA Cuts Stake in Bristol-Myers Squibb Company (NYSE:BMY) (iphonefresh.com)
- See what the IHS Markit Score report has to say about Genpact Ltd. (finance.yahoo.com)
- Genpact : HfS Research Ranks Genpact Among Top Three Leaders in Artificial Intelligence (4-traders.com)
- Genpact Limited (NYSE:G) Sets New 12-Month High at $29.15 (campdesrecrues.com)
Genpact Limited (NYSE:G) opened at 29.32 on Friday. Genpact Limited has a 52 week low of $22.58 and a 52 week high of $31.93. The firm has a 50-day moving average of $28.45 and a 200-day moving average of $25.94. The company has a market capitalization of $5.65 billion, a P/E ratio of 22.15 and a beta of 0.50.
Genpact Limited (NYSE:G) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.31 by $0.10. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The firm had revenue of $670.70 million during the quarter, compared to the consensus estimate of $642.68 million. During the same quarter in the prior year, the firm earned $0.36 EPS. Genpact Limited’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts anticipate that Genpact Limited will post $1.56 EPS for the current fiscal year.
Several equities analysts recently commented on G shares. BMO Capital Markets upped their price target on shares of Genpact Limited from $26.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of Genpact Limited from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Zacks Investment Research upgraded shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Friday, April 14th. Wedbush reiterated an “outperform” rating and set a $33.00 price target on shares of Genpact Limited in a report on Wednesday. Finally, Cowen and Company reiterated an “outperform” rating and set a $33.00 price target (up from $30.00) on shares of Genpact Limited in a report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Genpact Limited has a consensus rating of “Buy” and an average price target of $30.67.
In other Genpact Limited news, insider Mohit Thukral sold 27,228 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $27.21, for a total transaction of $740,873.88. Following the completion of the transaction, the insider now owns 68,845 shares in the company, valued at approximately $1,873,272.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.55% of the stock is currently owned by corporate insiders.
Genpact Limited Company Profile
Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.
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