Genpact (NYSE:G) Given New $43.00 Price Target at JPMorgan Chase & Co.

Genpact (NYSE:G) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $35.00 to $43.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 11.98% from the company’s current price.

Several other analysts have also commented on G. Needham & Company LLC boosted their price target on Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Wedbush reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Genpact in a research note on Friday, May 10th. BMO Capital Markets boosted their price target on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. Finally, TD Cowen boosted their price target on Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.63.

Genpact Stock Performance

Shares of NYSE:G traded up $0.20 during trading on Friday, hitting $38.40. 1,016,449 shares of the stock were exchanged, compared to its average volume of 1,378,895. Genpact has a 1-year low of $29.41 and a 1-year high of $39.95. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 1.64 and a beta of 1.11. The company’s fifty day simple moving average is $35.17 and its 200-day simple moving average is $33.65. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Sell-side analysts expect that Genpact will post 2.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Genpact

Several large investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new stake in shares of Genpact in the second quarter worth about $335,000. Aristides Capital LLC acquired a new position in shares of Genpact during the second quarter worth about $1,931,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Genpact by 6.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,318 shares of the business services provider’s stock worth $783,000 after buying an additional 1,372 shares during the period. Creative Planning boosted its position in shares of Genpact by 30.3% during the second quarter. Creative Planning now owns 25,614 shares of the business services provider’s stock worth $825,000 after buying an additional 5,950 shares during the period. Finally, Vulcan Value Partners LLC boosted its position in shares of Genpact by 22.2% during the second quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider’s stock worth $50,456,000 after buying an additional 284,842 shares during the period. 96.03% of the stock is currently owned by institutional investors.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.