Infosys (NYSE:INFY) had its target price raised by analysts at BMO Capital Markets from $25.00 to $28.00 in a research report issued on Thursday, The Fly reports. BMO Capital Markets’ target price suggests a potential upside of 6.87% from the company’s current price.
A number of other equities research analysts have also issued reports on INFY. Susquehanna Bancshares raised Infosys from a “neutral” rating to a “positive” rating and upped their target price for the company from $22.00 to $29.00 in a research note on Monday, January 10th. Susquehanna upgraded Infosys from a “neutral” rating to a “positive” rating and increased their price target for the company from $22.00 to $29.00 in a report on Monday, January 10th. Finally, Wedbush increased their price target on Infosys from $25.00 to $30.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $24.97.
Shares of NYSE INFY opened at $26.20 on Thursday. Infosys has a twelve month low of $16.88 and a twelve month high of $26.39. The stock has a fifty day simple moving average of $23.87 and a 200-day simple moving average of $23.04. The stock has a market capitalization of $111.13 billion, a PE ratio of 38.53, a PEG ratio of 3.60 and a beta of 0.89.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Spire Wealth Management raised its position in shares of Infosys by 304.2% in the fourth quarter. Spire Wealth Management now owns 1,831 shares of the technology company’s stock valued at $46,000 after purchasing an additional 1,378 shares during the period. Destiny Wealth Partners LLC acquired a new stake in shares of Infosys in the 3rd quarter valued at approximately $47,000. D Orazio & Associates Inc. acquired a new stake in Infosys during the 3rd quarter worth approximately $62,000. PFG Private Wealth Management LLC acquired a new stake in Infosys during the 3rd quarter worth approximately $92,000. Finally, Kozak & Associates Inc. acquired a new stake in Infosys during the 3rd quarter worth approximately $151,000. 15.75% of the stock is owned by institutional investors and hedge funds.
Infosys Company Profile
Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.
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