News articles about Infosys (NYSE:INFY) have trended somewhat positive recently, according to InfoTrie. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Infosys earned a daily sentiment score of 1.50 on their scale. InfoTrie also gave news stories about the technology company an news buzz score of 8 out of 10, indicating that recent news coverage is very likely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Infosys’ analysis:
INFY opened at $9.75 on Wednesday. Infosys has a 52 week low of $8.24 and a 52 week high of $10.65. The firm has a market cap of $41.85 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.80 and a beta of 0.42.
Infosys (NYSE:INFY) last released its earnings results on Tuesday, October 16th. The technology company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Infosys had a net margin of 21.94% and a return on equity of 24.56%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the business earned $0.13 EPS. Equities analysts forecast that Infosys will post 0.52 earnings per share for the current fiscal year.
INFY has been the subject of a number of research reports. Citigroup raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Friday, January 4th. ValuEngine lowered shares of Infosys from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Robert W. Baird lifted their target price on shares of Infosys from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, September 14th. Goldman Sachs Group lowered shares of Infosys from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a report on Wednesday, October 17th. Finally, Zacks Investment Research lowered shares of Infosys from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.63.
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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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