Genpact Limited Gets a Buy Rating from Cantor Fitzgerald

By Carrie Williams

Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Genpact Limited (NYSE: G) today and set a price target of $36. The company’s shares closed yesterday at $32.30.

Foresi said:

“Foresi’s Take. Global Client BPO grew 15% y/y in 4Q17. However, Global Client growth was down from the prior-quarter level (+12% vs. 13%), but offset declines at GE enough to drive total revenues above Street estimates. Digital continues to be a key driver, as transformational services grew 25%, driven by demand for digital solutions (20% of Global Client revenue). Acquisitions are expected to add around 1% to 2018 revenues.”

According to TipRanks.com, Foresi is a top 100 analyst with an average return of 16.5% and a 81.6% success rate. Foresi covers the Technology sector, focusing on stocks such as Automatic Data Processing, Jack Henry & Associates, and Fidelity National Info.

Genpact Limited has an analyst consensus of Moderate Buy, with a price target consensus of $36.33.

The company has a one-year high of $34.79 and a one-year low of $23.34. Currently, Genpact Limited has an average volume of 978.6K.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, Mohit Thukral, the SVP of G sold 25,000 shares for a total of $806,250.

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Genpact Ltd. engages in the business process management, outsourcing, shared services and information outsourcing. The company provides an integrated solution, which includes coupling deep process knowledge and insights with focused information technology capabilities, targeted analytics and pragmatic reengineering solutions.