BMO Capital Markets Analysts Give Infosys (NYSE:INFY) a $13.00 Price Target

BMO Capital Markets set a $13.00 price objective on Infosys (NYSE:INFY) in a research note released on Monday morning, TipRanks reports. The brokerage currently has a hold rating on the technology company’s stock.

Several other research firms also recently commented on INFY. Morgan Stanley lowered their target price on shares of Wells Fargo & Co from $55.00 to $51.00 and set an equal weight rating on the stock in a report on Monday, April 15th. Wedbush set a $30.00 target price on shares of Redfin and gave the stock a buy rating in a report on Friday, July 12th. Zacks Investment Research raised shares of HANNOVER RUECK/S from a sell rating to a hold rating in a report on Friday, May 17th. Credit Suisse Group boosted their target price on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an outperform rating in a report on Monday, April 15th. Finally, Citigroup raised shares of Infosys from a neutral rating to a buy rating in a report on Friday, July 12th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $10.96.

NYSE:INFY traded down $0.04 during trading hours on Monday, hitting $11.49. 383,798 shares of the stock traded hands, compared to its average volume of 12,404,273. Infosys has a 1 year low of $8.85 and a 1 year high of $11.63. The stock has a market capitalization of $49.98 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.52. The firm has a 50 day moving average of $10.71.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Friday, July 12th. The technology company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. Infosys had a net margin of 18.26% and a return on equity of 24.86%. The business had revenue of $218.03 billion for the quarter, compared to the consensus estimate of $216.51 billion. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts anticipate that Infosys will post 0.55 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Probity Advisors Inc. raised its stake in Infosys by 5.1% during the first quarter. Probity Advisors Inc. now owns 20,283 shares of the technology company’s stock valued at $222,000 after purchasing an additional 989 shares in the last quarter. American Beacon Advisors Inc. raised its stake in Infosys by 56.2% during the first quarter. American Beacon Advisors Inc. now owns 3,139 shares of the technology company’s stock valued at $34,000 after purchasing an additional 1,129 shares in the last quarter. NEXT Financial Group Inc raised its stake in Infosys by 85.7% during the second quarter. NEXT Financial Group Inc now owns 2,492 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,150 shares in the last quarter. Rational Advisors LLC raised its stake in Infosys by 50.0% during the first quarter. Rational Advisors LLC now owns 3,662 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,221 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Infosys by 8.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 17,772 shares of the technology company’s stock valued at $194,000 after acquiring an additional 1,443 shares during the last quarter. 17.77% of the stock is currently owned by institutional investors.

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.

Recommended Story: Index Funds

Analyst Recommendations for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.