With over 5.02 million Infosys Ltd ADR (INFY) shares trading Tuesday and a closing price of $17.46 on the day, the dollar volume was approximately $87.58 million. The shares have shown a positive half year performance of 11.64% and its price on 12/05/23 lost nearly -1.30%. Currently, there are 4.15B common shares owned by the public and among those 4.15B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 46 analysts who have offered their price forecasts for INFY have a consensus price objective of $18.09. The analysts have set the share’s price value over the next 12 months at a high of $22.07 and a low of $13.00. The average price target is 3.48% above its recent price level and a downside to the estimated low will see the stock lose -34.31% over that period. But an upside of 20.89% will see the stock hit the forecast high price target while median target price for the stock is $18.11.
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Shares of Infosys Ltd ADR (NYSE: INFY) opened at $17.59, down -$0.1 from a prior closing price of $17.69. However, the script later moved the day high at 17.71, down -1.30%. The company’s stock has a 5-day price change of -0.96% and -0.68% over the past three months. INFY shares are trading -3.05% year to date (YTD), with the 12-month market performance down to -13.52% lower. It has a 12-month low price of $14.71 and touched a high of $20.15 over the same period. INFY has an average intraday trading volume of 6.82 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.35%, 2.03%, and 4.48% respectively.
Institutional ownership of Infosys Ltd ADR (NYSE: INFY) shares accounts for 11.64% of the company’s 4.15B shares outstanding.
It has a market capitalization of $72.47B and a beta (3y monthly) value of 0.97. The stock’s trailing 12-month PE ratio is 24.03, while the earnings-per-share (ttm) stands at $0.73. The company has a PEG of 1.62 and a Quick Ratio of 1.96 with the debt-to-equity ratio at 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.42% over the week and 1.31% over the month.
Analysts forecast that Infosys Ltd ADR (INFY) will achieve an EPS of $0.18 for the current quarter, $0.18 for the next quarter and $0.78 for 2025. The lowest estimate earnings-per-share for the quarter is $0.17 while analysts give the company a high EPS estimate of $0.19. Comparatively, EPS for the current quarter was $0.19 a year ago. Earnings per share for the fiscal year are expected to increase by 2.48%, and 12.13% over the next financial year. EPS should grow at an annualized rate of 14.80% over the next five years, compared to 5.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 46 brokerage firm advisors rate Infosys Ltd ADR (INFY) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 16 Wall Street analysts polled rate the stock as a buy, while 20 of the 46 advise that investors “hold,” and 5 rated it as a “Sell.”
Looking at the support for the INFY, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on October 04, 2023, with the firm’s price target at $14-$16.80.
