BMO Capital Markets Increases Infosys (NYSE:INFY) Price Target to $28.00

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.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Tuesday, January 11th. The technology company reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. Infosys had a return on equity of 29.75% and a net margin of 18.59%. During the same quarter in the prior year, the business posted $0.17 earnings per share. As a group, analysts expect that Infosys will post 0.71 EPS for the current year.

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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