TELUS International (Cda) (NYSE:TIXT) Price Target Lowered to $9.00 at Robert W. Baird

TELUS International (Cda) (NYSE:TIXT) had its target price reduced by Robert W. Baird from $10.00 to $9.00 in a report published on Friday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other research firms also recently weighed in on TIXT. Citigroup boosted their target price on TELUS International (Cda) from $9.00 to $10.00 and gave the stock a neutral rating in a research report on Monday, February 12th. CIBC dropped their target price on TELUS International (Cda) from $21.50 to $20.00 and set an outperform rating for the company in a research report on Wednesday, March 20th. Canaccord Genuity Group boosted their target price on TELUS International (Cda) from $14.50 to $16.50 and gave the stock a buy rating in a research report on Monday, February 12th. Guggenheim initiated coverage on TELUS International (Cda) in a research report on Tuesday, March 19th. They issued a neutral rating and a $9.00 target price for the company. Finally, BMO Capital Markets lifted their price target on TELUS International (Cda) from $8.00 to $10.50 and gave the stock a market perform rating in a research note on Monday, February 12th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $13.83.

TELUS International (Cda) Stock Performance

Shares of TIXT opened at $7.81 on Friday. The company has a market cap of $834.34 million, a PE ratio of 52.07, a price-to-earnings-growth ratio of 8.24 and a beta of 0.90. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average price of $9.26 and a 200-day moving average price of $8.28. TELUS International has a 12-month low of $6.03 and a 12-month high of $21.75.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings results on Friday, February 9th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $692.00 million during the quarter, compared to the consensus estimate of $691.00 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $0.34 EPS. As a group, equities analysts forecast that TELUS International will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new position in TELUS International (Cda) during the 1st quarter valued at approximately $46,000. Qube Research & Technologies Ltd bought a new stake in shares of TELUS International (Cda) in the 3rd quarter worth $25,000. BNP Paribas Arbitrage SNC bought a new stake in shares of TELUS International (Cda) in the 3rd quarter worth $101,000. Ronald Blue Trust Inc. bought a new stake in shares of TELUS International (Cda) in the 3rd quarter worth $30,000. Finally, Citigroup Inc. increased its holdings in shares of TELUS International (Cda) by 18.8% in the 1st quarter. Citigroup Inc. now owns 4,781 shares of the company’s stock worth $96,000 after purchasing an additional 755 shares in the last quarter. Institutional investors own 59.55% of the company’s stock.

TELUS International (Cda) Company Profile

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.