Genpact (NYSE:G) Price Target Increased to $44.00 by Analysts at Robert W. Baird

Genpact (NYSE:G) had its price target raised by Robert W. Baird from $38.00 to $44.00 in a research report report published on Wednesday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the business services provider’s stock.

G has been the subject of a number of other reports. Jefferies Financial Group lifted their target price on shares of Genpact from $35.00 to $40.00 and gave the company a hold rating in a research note on Monday, September 9th. Needham & Company LLC upped their price objective on shares of Genpact from $40.00 to $42.00 and gave the stock a buy rating in a report on Friday, August 9th. TD Cowen increased their target price on shares of Genpact from $35.00 to $36.00 and gave the stock a hold rating in a research report on Friday, August 9th. BMO Capital Markets boosted their price target on Genpact from $38.00 to $42.00 and gave the stock a market perform rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. increased their price objective on Genpact from $35.00 to $43.00 and gave the company a neutral rating in a report on Friday, September 6th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $39.44.

Genpact Trading Up 0.2 %

NYSE G opened at $38.98 on Wednesday. The firm’s 50 day moving average price is $38.06 and its two-hundred day moving average price is $34.41. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 1.63 and a beta of 1.13. Genpact has a twelve month low of $29.41 and a twelve month high of $39.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89.

Genpact (NYSE:G) last released its earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Genpact had a return on equity of 22.28% and a net margin of 14.12%. Equities analysts anticipate that Genpact will post 2.85 EPS for the current year.

Institutional Investors Weigh In On Genpact

A number of large investors have recently bought and sold shares of G. Cloverfields Capital Group LP grew its holdings in Genpact by 1.5% during the 1st quarter. Cloverfields Capital Group LP now owns 28,950 shares of the business services provider’s stock worth $954,000 after acquiring an additional 416 shares during the last quarter. United Services Automobile Association lifted its position in shares of Genpact by 3.3% during the second quarter. United Services Automobile Association now owns 13,388 shares of the business services provider’s stock worth $431,000 after purchasing an additional 433 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Genpact by 1.2% during the first quarter. State of Michigan Retirement System now owns 40,584 shares of the business services provider’s stock valued at $1,337,000 after purchasing an additional 500 shares during the last quarter. Moloney Securities Asset Management LLC increased its holdings in shares of Genpact by 2.0% in the first quarter. Moloney Securities Asset Management LLC now owns 27,236 shares of the business services provider’s stock valued at $897,000 after purchasing an additional 529 shares in the last quarter. Finally, Sawyer & Company Inc raised its position in Genpact by 1.6% in the 1st quarter. Sawyer & Company Inc now owns 35,428 shares of the business services provider’s stock worth $1,167,000 after purchasing an additional 565 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.