Genpact (G) Price Target Lowered to $37.50 at Citigroup

Genpact (NYSE:G) had its target price lowered by analysts at Citigroup from $39.00 to $37.50 in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the business services provider’s stock. Citigroup’s price objective would indicate a potential upside of 21.63% from the stock’s previous close.

G has been the topic of a number of other research reports. Zacks Investment Research downgraded Genpact from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Cantor Fitzgerald reiterated a “buy” rating and issued a $36.00 price objective on shares of Genpact in a report on Wednesday, November 8th. Robert W. Baird reiterated a “buy” rating and issued a $38.00 price objective on shares of Genpact in a report on Friday, November 10th. Finally, BMO Capital Markets increased their price objective on Genpact to $35.00 and gave the company a “market perform” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.65.

Genpact (NYSE:G) opened at $30.83 on Tuesday. Genpact has a 12 month low of $23.34 and a 12 month high of $34.79. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $5,846.46, a PE ratio of 20.08, a P/E/G ratio of 1.89 and a beta of 0.57.

Genpact (NYSE:G) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Genpact had a return on equity of 23.53% and a net margin of 9.61%. The company had revenue of $734.41 million for the quarter, compared to analyst estimates of $723.55 million. During the same quarter last year, the company earned $0.43 EPS. Genpact’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts forecast that Genpact will post 1.61 earnings per share for the current year.

In related news, insider Arvinder Singh sold 22,690 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $33.95, for a total transaction of $770,325.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider N. V. Tyagarajan sold 77,619 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $32.23, for a total value of $2,501,660.37. Following the transaction, the insider now owns 244,755 shares in the company, valued at approximately $7,888,453.65. The disclosure for this sale can be found here. Insiders have sold a total of 1,660,470 shares of company stock worth $50,598,982 in the last 90 days. 1.41% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Sciencast Management LP purchased a new position in shares of Genpact in the 4th quarter valued at approximately $731,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Genpact by 24.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,913 shares of the business services provider’s stock valued at $950,000 after purchasing an additional 5,970 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Genpact by 32.6% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 243,797 shares of the business services provider’s stock valued at $7,737,000 after purchasing an additional 59,962 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Genpact by 6.9% in the 4th quarter. TIAA CREF Investment Management LLC now owns 1,129,398 shares of the business services provider’s stock valued at $35,847,000 after purchasing an additional 72,511 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Genpact by 58.4% in the 4th quarter. Teachers Advisors LLC now owns 238,965 shares of the business services provider’s stock valued at $7,585,000 after purchasing an additional 88,113 shares during the last quarter. Hedge funds and other institutional investors own 92.00% of the company’s stock.

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Genpact Company Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Analyst Recommendations for Genpact (NYSE:G)

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