WNS (NYSE:WNS) Price Target Cut to $52.00 by Analysts at Barrington Research

WNS (NYSE:WNS) had its target price decreased by analysts at Barrington Research from $84.00 to $52.00 in a note issued to investors on Tuesday, The Fly reports. The firm currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price target suggests a potential upside of 24.76% from the company’s current price.

WNS has been the subject of several other reports. Wells Fargo & Co increased their price objective on WNS from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Needham & Company LLC reiterated a “buy” rating and set a $60.00 price objective (down from $90.00) on shares of WNS in a report on Friday, March 20th. JPMorgan Chase & Co. increased their price objective on WNS from $73.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Citigroup increased their price objective on WNS from $74.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, Zacks Investment Research upgraded WNS from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Saturday, January 25th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $69.91.

Shares of WNS traded up $0.05 during mid-day trading on Tuesday, reaching $41.68. The company’s stock had a trading volume of 443,106 shares, compared to its average volume of 463,664. The business has a fifty day moving average of $62.81 and a 200 day moving average of $63.51. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18. WNS has a 1 year low of $34.26 and a 1 year high of $75.86. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

WNS (NYSE:WNS) last released its earnings results on Thursday, January 16th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.20. The company had revenue of $228.20 million during the quarter, compared to analyst estimates of $222.59 million. WNS had a return on equity of 23.12% and a net margin of 13.13%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 earnings per share. On average, analysts predict that WNS will post 2.51 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Evoke Wealth LLC acquired a new position in WNS during the third quarter worth $28,000. Banque Cantonale Vaudoise acquired a new position in WNS during the fourth quarter worth $94,000. Fulton Bank N.A. acquired a new position in WNS during the fourth quarter worth $207,000. Shilanski & Associates Inc. acquired a new position in WNS during the fourth quarter worth $208,000. Finally, Voya Financial Advisors Inc. increased its position in WNS by 5.4% during the third quarter. Voya Financial Advisors Inc. now owns 4,578 shares of the business services provider’s stock worth $270,000 after buying an additional 233 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

WNS Company Profile

WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.

See Also: Gross Domestic Product (GDP)

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