ExlService Holdings (NASDAQ: EXLS)‘s stock had its “neutral” rating restated by analysts at Goldman Sachs in a research report issued to clients and investors on Monday. They currently have a $32.00 price target on the stock, up from their previous price target of $30.00.
The analysts wrote, “On 3/1, EXLS reported 4Q12 results roughly in line with our expectations, but provided better-than-expected 2013 guidance with revenue in the range of $495-$505 mn (12%-14% yoy) and adjusted EPS between $1.77-$1.85 (+12%-17% yoy) versus GSe of $496.3 mn and $1.77, respectively. Reflecting reported results and higher revenues, we have raised our FY13E-FY15E EPS to $1.49/$1.84/$2.13, respectively. On an adjusted basis, our EPS is now set at $1.81/$2.19/$2.51. Factoring in our higher EPS and a higher multiple given higher growth, we have raised our price target to $32 (from $30), reflecting a multiple of 17.7X (from 16.9X) our 2013E adjusted EPS of $1.81.”
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase reiterated a “neutral” rating on shares of ExlService Holdings in a research note to investors on Monday. They now have a $34.00 price target on the stock, up previously from $32.00. Separately, analysts at Bank of America reiterated a “neutral” rating on shares of ExlService Holdings in a research note to investors on Monday. They now have a $32.10 price target on the stock, up previously from $28.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of ExlService Holdings in a research note to investors on Monday. They now have a $32.00 price target on the stock, up previously from $27.00.
Six analysts have rated the stock with a buy rating, and five have given a hold rating to the company. The company has an average rating of “overweight” and an average price target of $30.44.
Shares of ExlService Holdings traded down 0.64% during mid-day trading on Monday, hitting $31.605. ExlService Holdings has a one year low of $20.28 and a one year high of $32.23. The stock’s 50-day moving average is currently $29.77. The company has a market cap of $1.018 billion and a P/E ratio of 25.25.
ExlService Holdings last posted its quarterly earnings results on Friday, March 1st. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.02. The company had revenue of $117.65 million for the quarter, compared to the consensus estimate of $117.37 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. ExlService Holdings has set its FY13 guidance at $1.77-1.85 EPS. On average, analysts predict that ExlService Holdings will post $1.81 earnings per share for the current fiscal year.
ExlService Holdings, Inc. is a provider of outsourcing and transformation services. The Company’s outsourcing services provide integrated front-, middle- and back-office process outsourcing services for its United States-based and the United Kingdom-based customers.
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