Headlines about Infosys (NYSE:INFY) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Infosys earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 47.4036711428816 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Infosys Ltd (INFY) Forecasted to Post FY2019 Earnings of $1.05 Per Share (americanbankingnews.com)
- Comprehensive Stock Analysis – Infosys Limited (NYSE: INFY) – Alpha Beta Stock (alphabetastock.com)
- Teeter-tottering Stock- Infosys Limited (NYSE:INFY) – The Stock Street (press release) (thestreetpoint.com)
- Intraday reports for Infosys Ltd.(INFY, 500209) Stock & Share Prices – January 5, 2018 – Outlook India (outlookindia.com)
- Infosys Partners with ValGenesis to Further Enable Digitisation in Life Sciences (equitybulls.com)
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Infosys from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, December 26th. Bank of America raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. BidaskClub cut shares of Infosys from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Stifel Nicolaus reissued a “hold” rating on shares of Infosys in a report on Thursday, October 26th. Finally, Oppenheimer reissued a “hold” rating on shares of Infosys in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.48.
Infosys (INFY) traded up $0.30 during trading on Friday, hitting $16.35. The stock had a trading volume of 4,910,000 shares, compared to its average volume of 4,340,000. Infosys has a one year low of $13.42 and a one year high of $16.39. The firm has a market capitalization of $35,630.00, a P/E ratio of 16.35, a P/E/G ratio of 1.84 and a beta of 0.73.
Infosys (NYSE:INFY) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Infosys had a return on equity of 21.05% and a net margin of 21.04%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. analysts forecast that Infosys will post 0.99 EPS for the current fiscal year.
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Infosys Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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