Market Runner: Could Infosys Ltd ADR Rise Even More? The Stock Had Another Big Increase Today

Market Runner: Could Infosys Ltd ADR Rise Even More? The Stock Had Another Big Increase Today

The stock of Infosys Ltd ADR (NYSE:INFY) is a huge mover today! About 1.73M shares traded hands. Infosys Ltd ADR (NYSE:INFY) has declined 25.94% since April 22, 2016 and is downtrending. It has underperformed by 31.35% the S&P500.
The move comes after 5 months positive chart setup for the $32.01 billion company. It was reported on Nov, 25 by Barchart.com. We have $15.42 PT which if reached, will make NYSE:INFY worth $1.92B more.

Analysts await Infosys Ltd ADR (NYSE:INFY) to report earnings on January, 12. They expect $0.23 EPS, 0.00% or $0.00 from last year’s $0.23 per share. INFY’s profit will be $506.00M for 15.82 P/E if the $0.23 EPS becomes a reality. After $0.24 actual EPS reported by Infosys Ltd ADR for the previous quarter, Wall Street now forecasts -4.17% negative 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 firm has “Outperform” rating by Macquarie Research given on Friday, July 24. The firm has “Neutral” rating by Nomura given on Monday, July 18. As per Monday, October 12, the company rating was maintained by Susquehanna. The firm earned “Underperform” rating on Wednesday, August 26 by Jefferies. The firm has “Neutral” rating given on Monday, July 18 by Credit Suisse. Sterne Agee CRT initiated the stock with “Neutral” rating in Thursday, December 17 report. The firm has “Buy” rating by Goldman Sachs given on Thursday, May 26. The rating was upgraded by Credit Suisse on Thursday, January 14 to “Outperform”. Susquehanna maintained it with “Neutral” rating and $19 target price in Tuesday, September 1 report. The stock of Infosys Ltd ADR (NYSE:INFY) earned “Hold” rating by Cantor Fitzgerald on Friday, October 16.

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 recent Infosys Ltd ADR (NYSE:INFY) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on October 09, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 13, 2011. Investorplace.com‘s news article titled: “Why Infosys Ltd ADR (INFY) Stock Is Falling Today” with publication date: October 14, 2016 was also an interesting one.

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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