Infosys Limited (NYSE: INFY) is -3.78% lower on its value in year-to-date trading and has touched a low of $16.39 and a high of $25.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The INFY stock was last observed hovering at around $17.27 in the last trading session, with the day’s gains setting it 0.06% off its average median price target of $21.12 for the next 12 months. It is also 31.09% off the consensus price target high of $25.15 offered by 51 analysts, but current levels are -21.7% lower than the price target low of $14.24 for the same period.
Currently trading at $17.33, the stock is -5.74% and -6.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.4 million and changing 0.35% at the moment leaves the stock -6.94% off its SMA200. INFY registered -27.82% loss for a year compared to 6-month loss of -9.93%.
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The stock witnessed a -9.55% gain in the last 1 month and extending the period to 3 months gives it a -6.27%, and is -4.88% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.90% over the week and 1.31% over the month.
Infosys Limited (INFY) has around 346845 employees, a market worth around $73.22B and $17.26B in sales. Current P/E ratio is 25.23 and Fwd P/E is 21.13. Profit margin for the company is 16.70%. Distance from 52-week low is 5.74% and -31.24% from its 52-week high. The company has generated returns on investments over the last 12 months (24.80%).
Infosys Limited (INFY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Infosys Limited (INFY) is a “Overweight”. 51 analysts offering their recommendations for the stock have an average rating of 2.30, where 9 rate it as a Hold and 8 think it is a “Overweight”. 31 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Infosys Limited is expected to release its quarterly report on 04/13/2023.The EPS is expected to grow by 15.10% this year.
Infosys Limited (INFY) Top Institutional Holders
The shares outstanding are 4.19B, and float is at 3.56B with Short Float at 1.58%.
Infosys Limited (INFY): Who are the competitors?
The company’s main competitors (and peers) include Accenture plc (ACN) that is trading -18.97% down over the past 12 months and Oracle Corporation (ORCL) that is 8.66% higher over the same period. HP Inc. (HPQ) is -23.37% down on the 1-year trading charts.