The stock of Infosys Ltd ADR (NYSE:INFY) is a huge mover today! About 1.61 million shares traded hands. Infosys Ltd ADR (NYSE:INFY) has declined 6.18% since February 29, 2016 and is downtrending. It has underperformed by 18.40% the S&P500.
The move comes after 9 months positive chart setup for the $35.60 billion company. It was reported on Oct, 3 by Barchart.com. We have $24.87 PT which if reached, will make NYSE:INFY worth $19.94 billion more.
Analysts await Infosys Ltd ADR (NYSE:INFY) to report earnings on October, 10. They expect $0.24 EPS, up 4.35% or $0.01 from last year’s $0.23 per share. INFY’s profit will be $536.01M for 16.60 P/E if the $0.24 EPS becomes a reality. After $0.22 actual EPS reported by Infosys Ltd ADR for the previous quarter, Wall Street now forecasts 9.09% EPS growth.
Infosys Ltd ADR (NYSE:INFY) Ratings Coverage
Out of 11 analysts covering Infosys (NYSE:INFY), 2 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 18% are positive. Infosys has been the topic of 13 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by Macquarie Research to “Outperform” on Friday, July 24. The stock of Infosys Ltd ADR (NYSE:INFY) has “Neutral” rating given on Thursday, December 17 by Sterne Agee CRT. The rating was downgraded by Nomura on Monday, July 18 to “Neutral”. As per Tuesday, August 9, the company rating was downgraded by HSBC. The stock of Infosys Ltd ADR (NYSE:INFY) earned “Hold” rating by Societe Generale on Monday, September 28. On Thursday, January 14 the stock rating was upgraded by Credit Suisse to “Outperform”. Cantor Fitzgerald initiated the shares of INFY in a report on Friday, October 16 with “Hold” rating. Goldman Sachs upgraded Infosys Ltd ADR (NYSE:INFY) on Thursday, May 26 to “Buy” rating. Susquehanna maintained Infosys Ltd ADR (NYSE:INFY) on Monday, October 12 with “Neutral” rating. The firm has “Neutral” rating given on Tuesday, September 1 by Susquehanna.
According to Zacks Investment Research, “Infosys Limited defines, designs and delivers technology-enabled business solutions. It provides business and technology consulting, application services, systems integration, product engineering, custom software development, maintenance, re-engineering, independent testing and validation services, IT infrastructure services and business process outsourcing. It serves aerospace and defense, airlines, automotive, communication services, consumer packaged goods, education, energy, financial services, healthcare, high technology, hospitality and leisure, industrial manufacturing, insurance, life sciences, logistics and distribution, media and entertainment, publishing, resources, retail and utilities industries. Infosys Limited, formerly known as Infosys Technologies Limited, is headquartered in Bengaluru, India.”
More news for Infosys Ltd ADR (NYSE:INFY) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on October 09, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 13, 2011 is yet another important article.
INFY Company Profile
Infosys Limited, incorporated on July 2, 1981, is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology (IT) 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. The Company’s divisions are Financial Services and Insurance (FSI), Manufacturing and Hi-tech (MFG & Hi-TECH), Energy & utilities, Communication and Services (ECS), Retail, Consumer packaged goods and Logistics (RCL), and Life Sciences and Healthcare (LSH). The Firm operates in North America, Europe, India and Rest of the World.
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