Analysts Set WNS (Holdings) Limited (NYSE:WNS) Price Target at $60.33

WNS (Holdings) Limited (NYSE:WNS) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $60.33.

Several brokerages have recently issued reports on WNS. Barrington Research reiterated an “outperform” rating and issued a $70.00 target price on shares of WNS in a research note on Friday, October 18th. TD Cowen cut WNS from a “buy” rating to a “hold” rating and dropped their target price for the stock from $64.00 to $53.00 in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Citigroup set a $55.00 price objective on WNS in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. boosted their price target on WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, September 6th.

Hedge Funds Weigh In On WNS

Several institutional investors have recently added to or reduced their stakes in WNS. DGS Capital Management LLC bought a new stake in WNS in the third quarter worth $291,000. Virtu Financial LLC purchased a new position in shares of WNS in the 3rd quarter worth approximately $745,000. Barclays PLC raised its holdings in WNS by 329.7% during the 3rd quarter. Barclays PLC now owns 68,007 shares of the business services provider’s stock valued at $3,584,000 after buying an additional 52,179 shares during the period. Public Employees Retirement System of Ohio bought a new position in WNS during the third quarter valued at $2,326,000. Finally, XTX Topco Ltd bought a new position in WNS during the 3rd quarter valued at about $398,000. Hedge funds and other institutional investors own 97.36% of the company’s stock.

WNS Price Performance

WNS stock opened at $46.79 on Wednesday. The firm has a 50 day moving average of $49.73 and a 200-day moving average of $53.00. The firm has a market capitalization of $2.24 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.93 and a beta of 1.14. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. WNS has a 12 month low of $39.85 and a 12 month high of $72.57.

WNS (NYSE:WNS) last released its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.21. WNS had a return on equity of 22.76% and a net margin of 9.39%. The business had revenue of $310.70 million for the quarter, compared to the consensus estimate of $313.66 million. As a group, sell-side analysts predict that WNS will post 3.52 earnings per share for the current fiscal year.

About WNS

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through TSLU, MRHP, HCLS, and BFSI segments. It engages in diversified business, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure, utilities, shipping, and logistics; healthcare and life sciences; banking, financial services, and insurance; and Hi-tech and professional services, as well as procurement.