How Sterne Agee CRT Currently Rates Infosys (NYSE:INFY)
In analysts report issued today, Sterne Agee CRT analysts have started Infosys (NYSE:INFY) coverage with Neutral rating.
From a total of 8 analysts covering Infosys (NYSE:INFY) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 17% of the ratings are positive. The highest target price is $20.5 while the lowest target price is $16.9. The mean of all analyst targets is $18.56 with a 19.69% above today’s ($16.71) stock price. Infosys was the topic of 6 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Cantor Fitzgerald initiated shares on October 16 with “Hold” rating. Societe Generale upgraded INFY stock in a recent report from September 28 to “Hold” rating. Finally, Macquarie Research upgraded the stock to “Outperform” rating in a report issued on a July 24.
Approximately 2.20 million shares of stock traded hands. Infosys Ltd ADR (NYSE:INFY) has risen 10.23% since May 14, 2015 and is uptrending. It has outperformed by 12.49% the S&P500.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The company has a market cap of $37.02 billion. The Company’s solutions include application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; Management Consulting, enterprise solutions and package implementation, systems integration and business intelligence; Products, business platforms and solutions, and technologies, such as cloud computing, enterprise mobility, digital, big data and analytics. It has 18.95 P/E ratio.
According to Zacks Investment Research, “Infosys Limited defines, designs and delivers technology-enabled business solutions. It provides business and technology consulting, application services, systems integration, product engineering, custom software development, maintenance, re-engineering, independent testing and validation services, IT infrastructure services and business process outsourcing. It serves aerospace and defense, airlines, automotive, communication services, consumer packaged goods, education, energy, financial services, healthcare, high technology, hospitality and leisure, industrial manufacturing, insurance, life sciences, logistics and distribution, media and entertainment, publishing, resources, retail and utilities industries. Infosys Limited, formerly known as Infosys Technologies Limited, is headquartered in Bengaluru, India.”