Infosys (INFY) Getting Somewhat Positive News Coverage, Study Shows
News stories about Infosys (NYSE:INFY) have trended somewhat positive on Wednesday, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Infosys earned a media sentiment score of 0.86 on their scale. InfoTrie also gave news stories about the technology company an news buzz score of 2 out of 10, indicating that recent media coverage is very unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Infosys’ score:
- Traders Watch list: Infosys Limited (NYSE:INFY), Hilton Worldwide Holdings Inc. (NYSE:HLT) (newburghpress.com)
- Indian shares fall as cenbank steps seen as long term (reuters.com)
- Infosys Ltd (INFY): Stock’s Stunning Activities (emnnews.com)
- Infosys to Launch Texas Tech Hub, Hiring 500 Americans (nearshoreamericas.com)
- Infosys breaks ground on $245m Education Center at old Indianapolis airport (globalconstructionreview.com)
Shares of INFY stock opened at $9.09 on Wednesday. The stock has a market cap of $40.38 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.78 and a beta of 0.42. Infosys has a 1-year low of $7.49 and a 1-year high of $10.65.
The firm also recently declared a dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, October 26th were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Thursday, October 25th. Infosys’s payout ratio is 34.00%.
A number of equities analysts have recently issued reports on INFY shares. ValuEngine cut Infosys from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Robert W. Baird increased their target price on Infosys from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, September 14th. Goldman Sachs Group cut Infosys from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a report on Wednesday, October 17th. Morgan Stanley cut Infosys from an “overweight” rating to a “hold” rating in a report on Monday, August 20th. Finally, BMO Capital Markets restated a “hold” rating and set a $11.00 target price on shares of Infosys in a report on Wednesday, October 17th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Infosys presently has a consensus rating of “Hold” and a consensus price target of $15.26.
Infosys Company Profile
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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