Genpact’s (G) “Buy” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their buy rating on shares of Genpact (NYSE:G) in a research report released on Wednesday. Cantor Fitzgerald currently has a $36.00 price objective on the business services provider’s stock.

“. We maintain our Overweight rating and our 12-month PT of $36 on shares of G. Quarterly top-line results came in below expectations, but EPS beat estimates. GE (Not Covered) revenues saw growth as management stated it is starting to see GE stabilize. The company raised revenue guidance for 2018 due to recent acquisitions. We remain optimistic about the company due to the healthy demand backdrop for BPO and the increased client activity brought about by digital engagements.”,” Cantor Fitzgerald’s analyst wrote.

Separately, ValuEngine downgraded Genpact from a buy rating to a hold rating in a report on Friday, May 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Genpact presently has a consensus rating of Buy and an average target price of $36.06.

Shares of Genpact traded down $0.08, reaching $30.36, during mid-day trading on Wednesday, MarketBeat Ratings reports. 957,233 shares of the stock were exchanged, compared to its average volume of 779,975. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $5.80 billion, a PE ratio of 20.38, a PEG ratio of 1.96 and a beta of 0.57. Genpact has a one year low of $27.83 and a one year high of $34.79.

Genpact (NYSE:G) last posted its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $728.56 million during the quarter, compared to the consensus estimate of $734.51 million. Genpact had a return on equity of 21.86% and a net margin of 9.44%. research analysts predict that Genpact will post 1.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Monday, September 10th will be paid a $0.075 dividend. The ex-dividend date is Friday, September 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.99%. Genpact’s dividend payout ratio is 20.13%.

In other Genpact news, SVP Heather White sold 1,367 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $31.00, for a total value of $42,377.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.41% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of G. Twin Tree Management LP bought a new position in Genpact in the first quarter valued at approximately $120,000. Contravisory Investment Management Inc. bought a new position in shares of Genpact during the 2nd quarter worth approximately $130,000. Signaturefd LLC bought a new position in shares of Genpact during the 1st quarter worth approximately $176,000. Synovus Financial Corp bought a new position in shares of Genpact during the 1st quarter worth approximately $188,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Genpact during the 2nd quarter worth approximately $188,000. Hedge funds and other institutional investors own 88.34% of the company’s stock.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; over-the counter services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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Analyst Recommendations for Genpact (NYSE:G)

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