BMO Capital Markets Raises Infosys (NYSE:INFY) Price Target to $25.00

Infosys (NYSE:INFY) had its price objective lifted by stock analysts at BMO Capital Markets from $23.00 to $25.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ target price points to a potential upside of 10.38% from the company’s current price.

Separately, Susquehanna reiterated a “neutral” rating and set a $22.00 price objective (up from $21.00) on shares of Infosys in a research note on Thursday, July 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.13.

Infosys stock opened at $22.65 on Thursday. Infosys has a 1-year low of $14.05 and a 1-year high of $24.14. The firm has a market capitalization of $96.08 billion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 3.34 and a beta of 0.87. The company’s 50-day moving average is $23.12 and its 200 day moving average is $20.91.

Infosys (NYSE:INFY) last issued its earnings results on Tuesday, October 12th. The technology company reported $0.17 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.17. Infosys had a net margin of 19.40% and a return on equity of 27.75%. During the same quarter last year, the firm earned $0.15 EPS. On average, equities analysts predict that Infosys will post 0.69 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Concord Wealth Partners acquired a new stake in shares of Infosys in the first quarter valued at about $46,000. Reilly Financial Advisors LLC grew its position in shares of Infosys by 21.4% in the second quarter. Reilly Financial Advisors LLC now owns 2,648 shares of the technology company’s stock valued at $56,000 after purchasing an additional 467 shares during the period. Arkadios Wealth Advisors grew its position in shares of Infosys by 49.3% in the second quarter. Arkadios Wealth Advisors now owns 3,188 shares of the technology company’s stock valued at $67,000 after purchasing an additional 1,053 shares during the period. Captrust Financial Advisors grew its position in shares of Infosys by 54.9% in the first quarter. Captrust Financial Advisors now owns 5,181 shares of the technology company’s stock valued at $97,000 after purchasing an additional 1,837 shares during the period. Finally, HBK Sorce Advisory LLC acquired a new position in Infosys during the first quarter worth about $193,000. 16.14% of the stock is owned by institutional investors.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.

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