The WNS (Holdings) Limited (WNS) Rating Reiterated by Cowen and Company

The WNS (Holdings) Limited (WNS) Rating Reiterated by Cowen and Company

WNS (Holdings) Limited (NYSE:WNS)‘s stock had its “buy” rating reissued by investment analysts at Cowen and Company in a report released on Thursday. They presently have a $42.00 price target on the business services provider’s stock. Cowen and Company’s price target points to a potential upside of 11.73% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $38.00 price target on shares of WNS (Holdings) Limited in a research note on Thursday, June 29th. Bank of America Corporation raised their price target on shares of WNS (Holdings) Limited from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Citigroup Inc. raised their price target on shares of WNS (Holdings) Limited from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $41.00 price target on shares of WNS (Holdings) Limited in a research note on Monday, October 9th. Finally, Wedbush began coverage on shares of WNS (Holdings) Limited in a research note on Thursday, August 3rd. They set an “outperform” rating and a $42.00 price target on the stock. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $39.67.

WNS (NYSE WNS) opened at 37.59 on Thursday. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 47.05 and a beta of 0.98. The company’s 50-day moving average is $36.22 and its 200-day moving average is $33.62. WNS has a 52-week low of $24.82 and a 52-week high of $37.76.

WNS (Holdings) Limited (NYSE:WNS) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. WNS (Holdings) Limited had a net margin of 6.66% and a return on equity of 18.73%. The company had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $162.73 million. During the same period last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. Equities analysts predict that WNS will post $1.99 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 1st Global Advisors Inc. acquired a new stake in shares of WNS (Holdings) Limited in the second quarter worth approximately $223,000. Financial Counselors Inc. acquired a new stake in shares of WNS (Holdings) Limited in the second quarter worth approximately $236,000. LaSalle Street Capital Management LLC acquired a new stake in shares of WNS (Holdings) Limited in the second quarter worth approximately $246,000. PNC Financial Services Group Inc. boosted its position in shares of WNS (Holdings) Limited by 28.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,860 shares of the business services provider’s stock worth $224,000 after acquiring an additional 1,720 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of WNS (Holdings) Limited by 3.3% in the first quarter. Stifel Financial Corp now owns 10,905 shares of the business services provider’s stock worth $312,000 after acquiring an additional 344 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

About WNS (Holdings) Limited

WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.

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