Infosys Limited American Deposi (NYSE:INFY):
Infosys Annual Report 2017 Available Online for ADS Holders.
In the market the company is trading up by 0.70% since yesterday’s close of $14.95.
Infosys Limited, launched on July 2, 1981, is involved in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology (IT) services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation. The Business’s segments are Financial Services and Insurance (FSI), Manufacturing and Hi-tech (MFG & Hi-TECH), Energy & utilities, Communication and Services (ECS), Retail, Consumer packaged goods and Logistics (RCL), and Life Sciences and Healthcare (LSH). The Company operates in North America, Europe, India and Rest of the World..
Company shares last traded at $15.06 slightly over the 50 day moving average of $15.00 and which is marginally over the 200 day moving average of $14.88. The 50 day moving average moved up $0.06 whereas the 200 day moving average was up $0.18 or +1.18%.
The P/E ratio is 16.09 and the market value is 34.42B. In the latest earnings report the EPS was $0.94 and is expected to be $0.97 for the current year with 2,285,655,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.24 with next year’s EPS anticipated to be $1.05.
Analysts have provided guidance on INFY of late. On December 1, 2016 the stock rating was rated “Neutral” according to a Bank of America report which is down from the previous “” rating. On September 9 analysts at Wedbush issued its first research report on the stock with a rating of “Neutral” and price target of $18.00.
On July 18 the company was downgraded from “” to “Neutral” in a statement from Nomura. On July 18 the company was changed to a “Buy” in a report from Credit Suisse which was a cut from the previous “Outperform” rating.
On May 26 the company was set at “Buy” by Goldman Sachs a boost from the previous “” rating. Equity analyst Cowen & Company starting coverage on INFY setting a rating of “Market Perform” and setting a price target of $18.00.