Set Your Sights On Infosys Ltd ADR (NYSE: INFY)’S Upside Potential

Infosys Ltd ADR (INFY) concluded trading on Wednesday at a closing price of $19.86, with 6.42 million shares of worth about $127.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.21% during that period and on Wednesday, January 31 the price saw a loss of about -0.45%. Currently the company’s common shares owned by public are about 4.15B shares, out of which, 4.15B shares are available for trading.

However, the stock later moved at a day high price of 20.15, or with a loss of -0.45%. Stock saw a price change of -0.65% in past 5 days and over the past one month there was a price change of 8.05%. Year-to-date (YTD), INFY shares are showing a performance of 8.05% which increased to 6.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.71 but also hit the highest price of $20.37 during that period. The average intraday trading volume for Infosys Ltd ADR shares is 7.12 million. The stock is currently trading 3.34% above its 20-day simple moving average (SMA20), while that difference is up 7.69% for SMA50 and it goes to 17.22% higher than SMA200.

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Infosys Ltd ADR (NYSE: INFY) currently have 4.15B outstanding shares and institutions hold larger chunk of about 11.37% of that.

The stock has a current market capitalization of $82.43B and its 3Y-monthly beta is at 0.95. PE ratio of stock for trailing 12 months is 27.87, while it has posted earnings per share of $0.71 in the same period. Its PEG reads 1.88 and has Quick Ratio of 1.97 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INFY, volatility over the week remained 1.17% while standing at 1.61% over the month.

Analysts are in expectations that Infosys Ltd ADR (INFY) stock would likely to be making an EPS of $0.18 in the current quarter, while forecast for next quarter EPS is $0.18 and it is $0.79 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.15 which is $0.2 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.18 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1.11% while it is estimated to increase by 12.15% in next year. EPS is likely to grow at an annualized rate of 14.80% for next 5-years, compared to annual growth of 5.40% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on January 17, 2024 offering an Outperform rating for the stock and assigned a target price of $24 to it.

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