WNS (WNS) Earns “Buy” Rating from Barrington Research
“We have an OUTPERFORM investment rating on WNS shares and a 12‐ month price target of $53. Our price target is based on 23.8x our calendar 2018 non‐GAAP EPS forecast of $2.23. WNS shares are trading at a discount to the peer group average on several key metrics, which include enterprise value to adjusted EBITDA, PE and PE to growth (PEG) multiples for calendar year 2018.”,” Barrington Research’s analyst wrote.
Several other research analysts have also weighed in on the stock. ValuEngine raised shares of WNS from a hold rating to a buy rating in a research note on Friday, February 2nd. Cantor Fitzgerald reissued a buy rating and set a $52.00 price objective on shares of WNS in a research note on Sunday, January 21st. SunTrust Banks lifted their price objective on shares of WNS to $50.00 and gave the stock a buy rating in a research note on Friday, January 19th. Loop Capital lifted their price objective on shares of WNS to $50.00 and gave the stock a buy rating in a research note on Friday, January 19th. Finally, Robert W. Baird lowered shares of WNS from an outperform rating to a neutral rating in a research note on Friday, January 19th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $47.62.
WNS (NYSE:WNS) last released its quarterly earnings data on Thursday, January 18th. The business services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. WNS had a net margin of 7.96% and a return on equity of 20.19%. The business had revenue of $185.20 million for the quarter, compared to analyst estimates of $175.85 million. During the same quarter last year, the firm earned $0.49 EPS. WNS’s quarterly revenue was up 32.5% compared to the same quarter last year. analysts forecast that WNS will post 1.73 earnings per share for the current fiscal year.
WNS declared that its Board of Directors has authorized a share buyback plan on Thursday, January 18th that authorizes the company to repurchase 3,300,000 outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
A number of institutional investors and hedge funds have recently made changes to their positions in WNS. Nationwide Fund Advisors bought a new position in WNS in the second quarter valued at approximately $478,000. Parametric Portfolio Associates LLC lifted its stake in WNS by 20.3% in the second quarter. Parametric Portfolio Associates LLC now owns 86,557 shares of the business services provider’s stock valued at $2,974,000 after buying an additional 14,627 shares in the last quarter. State Street Corp lifted its stake in WNS by 69.8% in the second quarter. State Street Corp now owns 88,251 shares of the business services provider’s stock valued at $3,033,000 after buying an additional 36,268 shares in the last quarter. First Trust Advisors LP lifted its stake in WNS by 17.0% in the third quarter. First Trust Advisors LP now owns 271,371 shares of the business services provider’s stock valued at $9,905,000 after buying an additional 39,522 shares in the last quarter. Finally, OLD National Bancorp IN bought a new position in WNS in the third quarter valued at approximately $202,000. 85.48% of the stock is currently owned by hedge funds and other institutional investors.
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WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.
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