News stories about Genpact Limited (NYSE:G) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Genpact Limited earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 46.3935033593787 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Genpact Limited (G) Announces 10M Secondary Common Stock Offering on Behalf of Selling Shareholders – StreetInsider.com (streetinsider.com)
- BRIEF-Genpact announces secondary equity offering on behalf of selling shareholders (G) (markets.businessinsider.com)
- Genpact Ltd. (G) Is Losing Ground After Offering Announcement (rttnews.com)
Several analysts have recently commented on the company. Robert W. Baird reiterated a “buy” rating and set a $38.00 price objective on shares of Genpact Limited in a report on Friday, November 10th. Zacks Investment Research upgraded Genpact Limited from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a report on Friday, November 10th. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 price objective on shares of Genpact Limited in a report on Wednesday, November 8th. Cowen and Company reiterated an “outperform” rating and set a $33.00 price objective (up previously from $30.00) on shares of Genpact Limited in a report on Thursday, August 3rd. Finally, Wedbush assumed coverage on Genpact Limited in a report on Thursday, August 3rd. They set a “neutral” rating and a $33.00 price objective for the company. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.38.
Genpact Limited (G) opened at $31.06 on Wednesday. The stock has a market capitalization of $6,003.35, a price-to-earnings ratio of 20.19, a P/E/G ratio of 2.13 and a beta of 0.58. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65. Genpact Limited has a 52 week low of $23.34 and a 52 week high of $31.93.
Genpact Limited (NYSE:G) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.10. The company had revenue of $708.82 million during the quarter, compared to analyst estimates of $685.25 million. Genpact Limited had a return on equity of 23.86% and a net margin of 10.18%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. analysts forecast that Genpact Limited will post 1.46 earnings per share for the current fiscal year.
In other Genpact Limited news, 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 transaction of $709,250.00. Following the completion of the transaction, the insider now owns 85,305 shares in the company, valued at approximately $2,420,102.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Piyush Mehta sold 17,017 shares of Genpact Limited stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $31.00, for a total value of $527,527.00. Following the transaction, the insider now owns 82,461 shares of the company’s stock, valued at approximately $2,556,291. The disclosure for this sale can be found here. Insiders sold a total of 10,396,187 shares of company stock valued at $298,624,643 in the last 90 days. 1.41% of the stock is currently owned by company insiders.
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.
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