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Thursday, November 26, 2020

Genpact Limited (NYSE:G) Stock is Soaring, Here is Why

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Genpact Limited (G) shares are trading at higher $36.98 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $47.22.

To add more color to this target, the company’s high over the last year is $45.20 and the low is $19.41. Over the last 52 weeks, G is down -2.89% while the S&P 500 is up 14.92%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, G reported a profit of $306.2 million. Genpact Limited also saw revenues increase to $900.09 million. In addition, G has free cash flow of $139.93 million as of 06-2020. The company’s EBITDA came in at $131.29 million which compares well with its peers.

G booked profit margins of 8.70%, its Return on Equity (ROE) is 19.50%, and its Return on Assets is 7.10%. All told, it is clear that, G needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. G has a short ratio of 3.16 and outstanding shares of 190.54M.

Company Outlook

G has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.85 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.63. Genpact Limited G also noted assets of $4.85 billion at the end of the last quarter. Investors should also keep an eye on sector updates as G has historically followed its peers on positive news.

All told, Genpact Limited G has strung together solid data and demonstrated underlying fundamentals. At its current valuation, G represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Genpact Limited G is now commanding a market cap of 7.12B and a float of 176.52M. G is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of G stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in G, either long or short, and we have not been compensated for this article.

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