The stock of Infosys Ltd ADR (NYSE:INFY) hit a new 52-week low and has $14.32 target or 8.00% below today’s $15.57 share price. The 5 months bearish chart indicates high risk for the $34.42B company. The 1-year low was reported on Oct, 7 by Barchart.com. If the $14.32 price target is reached, the company will be worth $2.75B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 2.56M shares traded hands. Infosys Ltd ADR (NYSE:INFY) has declined 14.53% since March 4, 2016 and is downtrending. It has underperformed by 22.57% the S&P500.
Analysts await Infosys Ltd ADR (NYSE:INFY) to report earnings on October, 10. They expect $0.24 earnings per share, up 4.35% or $0.01 from last year’s $0.23 per share. INFY’s profit will be $530.56 million for 16.22 P/E if the $0.24 EPS becomes a reality. After $0.22 actual earnings per share 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. HSBC downgraded the stock to “Hold” rating in Tuesday, August 9 report. Susquehanna maintained the shares of INFY in a report on Tuesday, September 1 with “Neutral” rating. As per Wednesday, August 26, the company rating was upgraded by Jefferies. The rating was upgraded by Macquarie Research on Friday, July 24 to “Outperform”. The rating was downgraded by Credit Suisse on Monday, July 18 to “Neutral”. Cantor Fitzgerald initiated the stock with “Hold” rating in Friday, October 16 report. The rating was upgraded by Goldman Sachs on Thursday, May 26 to “Buy”. On Monday, July 18 the stock rating was downgraded by Nomura to “Neutral”. The firm has “Neutral” rating by Sterne Agee CRT given on Thursday, December 17. The firm has “Neutral” rating given on Friday, September 9 by Wedbush.
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: “Plus the latest data from Realtor.com on 21 home markets across the US” 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.
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