Genpact Limited (G) Stock Rating Reaffirmed by SunTrust Banks, Inc.

Genpact Limited (NYSE:G)‘s stock had its “buy” rating reaffirmed by research analysts at SunTrust Banks, Inc. in a report issued on Monday. They currently have a $34.00 price target on the business services provider’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 16.00% from the stock’s previous close.

G has been the topic of a number of other reports. Zacks Investment Research cut Genpact Limited from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Cantor Fitzgerald restated a “buy” rating and issued a $32.00 price target on shares of Genpact Limited in a research note on Wednesday, September 13th. Robert W. Baird restated a “buy” rating and issued a $34.00 price target on shares of Genpact Limited in a research note on Monday, September 25th. Cowen and Company restated an “outperform” rating and issued a $33.00 price target (up from $30.00) on shares of Genpact Limited in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG raised their price target on Genpact Limited from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $32.38.

Genpact Limited (NYSE G) opened at 29.31 on Monday. Genpact Limited has a 52-week low of $22.62 and a 52-week high of $31.93. The stock has a 50 day moving average price of $28.49 and a 200 day moving average price of $27.20. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 22.14 and a beta of 0.53.

Genpact Limited (NYSE:G) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.10. The firm had revenue of $670.70 million during the quarter, compared to analyst estimates of $642.68 million. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. Genpact Limited’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. On average, equities analysts expect that Genpact Limited will post $1.56 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Genpact Limited (G) Stock Rating Reaffirmed by SunTrust Banks, Inc.” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/11/genpact-limited-g-stock-rating-reaffirmed-by-suntrust-banks-inc.html.

In other news, CFO Edward J. Fitzpatrick sold 57,934 shares of Genpact Limited stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $28.54, for a total transaction of $1,653,436.36. Following the sale, the chief financial officer now owns 113,520 shares in the company, valued at $3,239,860.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mohit Thukral sold 25,000 shares of Genpact Limited stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $28.37, for a total value of $709,250.00. Following the sale, the insider now owns 85,305 shares in the company, valued at approximately $2,420,102.85. The disclosure for this sale can be found here. Insiders have sold 10,358,442 shares of company stock worth $297,475,276 in the last quarter. Insiders own 1.55% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Genpact Limited by 40.1% during the second quarter. BlackRock Inc. now owns 10,761,151 shares of the business services provider’s stock worth $299,483,000 after purchasing an additional 3,080,741 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Genpact Limited by 3.1% during the first quarter. Vanguard Group Inc. now owns 10,626,705 shares of the business services provider’s stock worth $263,117,000 after purchasing an additional 321,161 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Genpact Limited by 1.5% during the second quarter. Pzena Investment Management LLC now owns 2,670,064 shares of the business services provider’s stock worth $74,308,000 after purchasing an additional 38,353 shares in the last quarter. Congress Asset Management Co. MA increased its position in shares of Genpact Limited by 8.4% during the second quarter. Congress Asset Management Co. MA now owns 2,557,213 shares of the business services provider’s stock worth $71,167,000 after purchasing an additional 199,012 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Genpact

G has been the topic of a number of other reports. Zacks Investment Research cut Genpact Limited from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Cantor Fitzgerald restated a “buy” rating and issued a $32.00 price target on shares of Genpact Limited in a research note on Wednesday, September 13th. Robert W. Baird restated a “buy” rating and issued a $34.00 price target on shares of Genpact Limited in a research note on Monday, September 25th. Cowen and Company restated an “outperform” rating and issued a $33.00 price target (up from $30.00) on shares of Genpact Limited in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG raised their price target on Genpact Limited from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $32.38.

Genpact Limited (NYSE G) opened at 29.31 on Monday. Genpact Limited has a 52-week low of $22.62 and a 52-week high of $31.93. The stock has a 50 day moving average price of $28.49 and a 200 day moving average price of $27.20. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 22.14 and a beta of 0.53.

Genpact Limited (NYSE:G) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.10. The firm had revenue of $670.70 million during the quarter, compared to analyst estimates of $642.68 million. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. Genpact Limited’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. On average, equities analysts expect that Genpact Limited will post $1.56 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Genpact Limited (G) Stock Rating Reaffirmed by SunTrust Banks, Inc.” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/11/genpact-limited-g-stock-rating-reaffirmed-by-suntrust-banks-inc.html.

In other news, CFO Edward J. Fitzpatrick sold 57,934 shares of Genpact Limited stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $28.54, for a total transaction of $1,653,436.36. Following the sale, the chief financial officer now owns 113,520 shares in the company, valued at $3,239,860.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mohit Thukral sold 25,000 shares of Genpact Limited stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $28.37, for a total value of $709,250.00. Following the sale, the insider now owns 85,305 shares in the company, valued at approximately $2,420,102.85. The disclosure for this sale can be found here. Insiders have sold 10,358,442 shares of company stock worth $297,475,276 in the last quarter. Insiders own 1.55% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Genpact Limited by 40.1% during the second quarter. BlackRock Inc. now owns 10,761,151 shares of the business services provider’s stock worth $299,483,000 after purchasing an additional 3,080,741 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Genpact Limited by 3.1% during the first quarter. Vanguard Group Inc. now owns 10,626,705 shares of the business services provider’s stock worth $263,117,000 after purchasing an additional 321,161 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Genpact Limited by 1.5% during the second quarter. Pzena Investment Management LLC now owns 2,670,064 shares of the business services provider’s stock worth $74,308,000 after purchasing an additional 38,353 shares in the last quarter. Congress Asset Management Co. MA increased its position in shares of Genpact Limited by 8.4% during the second quarter. Congress Asset Management Co. MA now owns 2,557,213 shares of the business services provider’s stock worth $71,167,000 after purchasing an additional 199,012 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Genpact Limited by 6.0% during the first quarter. AQR Capital Management LLC now owns 1,983,274 shares of the business services provider’s stock worth $49,106,000 after purchasing an additional 112,723 shares in the last quarter. Institutional investors and hedge funds own 92.16% of the company’s stock.

Genpact Limited 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 Limited (NYSE:G)

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