Headlines about Infosys (NYSE:INFY) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Infosys earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.5005834224094 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Infosys Finacle Partners with Seven Indian Banks to Form a Blockchain-Based Trade Network (bitcoinexchangeguide.com)
- Received no new whistleblower complaints, says Infosys (economictimes.indiatimes.com)
- Top stocks to buy today: Glenmark and Infosys (business-standard.com)
- Indian ADRs: Tata Motors slips 6%; Infosys gains 2.4% (moneycontrol.com)
- [email protected]: Nifty likely to open flat; Infosys, ITC top buys (moneycontrol.com)
Shares of Infosys traded up $0.08, hitting $18.32, on Friday, MarketBeat Ratings reports. The stock had a trading volume of 4,357,780 shares, compared to its average volume of 4,756,535. Infosys has a 52-week low of $13.88 and a 52-week high of $18.71. The company has a market capitalization of $39.64 billion, a P/E ratio of 18.14, a PEG ratio of 1.90 and a beta of 0.62.
Infosys (NYSE:INFY) last posted its earnings results on Friday, April 13th. The technology company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Infosys had a return on equity of 21.93% and a net margin of 22.73%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the business earned $0.24 EPS. sell-side analysts forecast that Infosys will post 1.05 earnings per share for the current year.
Several research analysts have recently issued reports on the company. Goldman Sachs Group raised Infosys from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. ValuEngine cut Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. Berenberg Bank assumed coverage on Infosys in a research report on Friday, April 6th. They set a “sell” rating and a $14.00 price objective for the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $16.00 price objective on shares of Infosys in a research report on Friday, April 13th. Finally, Susquehanna Bancshares reaffirmed a “negative” rating on shares of Infosys in a research report on Monday, February 5th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.35.
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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