Favorable News Coverage Somewhat Unlikely to Impact Infosys Limited (NYSE:INFY) Stock Price

News articles about Infosys Limited (NYSE:INFY) have trended positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Infosys Limited earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.4338625257432 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern’s analysis:

A number of equities analysts recently weighed in on the company. William Blair lowered Infosys Limited from a “market perform” rating to an “underperform” rating in a research report on Thursday, April 13th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Infosys Limited in a research note on Tuesday, April 18th. Zacks Investment Research downgraded Infosys Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $15.50 price target on shares of Infosys Limited in a research report on Tuesday, April 18th. Finally, Cowen and Company set a $15.00 price target on Infosys Limited and gave the stock a “hold” rating in a research report on Thursday, April 13th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. Infosys Limited presently has an average rating of “Hold” and an average price target of $16.08.

Infosys Limited (INFY) traded up 0.52% on Wednesday, reaching $15.60. The company’s stock had a trading volume of 2,523,530 shares. The firm’s 50-day moving average price is $15.33 and its 200-day moving average price is $15.04. The stock has a market cap of $35.66 billion, a price-to-earnings ratio of 16.44 and a beta of 0.79. Infosys Limited has a 52-week low of $13.42 and a 52-week high of $16.71.

Infosys Limited (NYSE:INFY) last posted its quarterly earnings results on Friday, July 14th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $170.78 billion during the quarter, compared to analyst estimates of $170.51 billion. Infosys Limited had a net margin of 20.95% and a return on equity of 21.37%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. On average, equities analysts expect that Infosys Limited will post $0.98 earnings per share for the current year.

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Infosys Limited Company Profile

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

Insider Buying and Selling by Quarter for Infosys Limited (NYSE:INFY)

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