Macquarie lifts Infosys Ltd ADR [INFY] price estimate. Who else is bullish?

MAR Stock

Infosys Ltd ADR [NYSE: INFY] traded at a high on Friday, posting a 0.71 gain after which it closed the day’ session at $22.85.

The results of the trading session contributed to over 21832863 shares changing hands. Over the past one week, the price volatility of Infosys Ltd ADR stands at 1.45% while the volatility over the past one month is 1.37%.

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The market cap for INFY stock reached $94.88 billion, with 4.15 billion shares outstanding and 4.15 billion shares in the current float. Compared to the average trading volume of 9.55M shares, INFY reached a trading volume of 21832863 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Infosys Ltd ADR [INFY]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INFY shares is $22.51 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INFY stock is a recommendation set at 2.14. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Macquarie have made an estimate for Infosys Ltd ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 19, 2024. The new note on the price target was released on April 09, 2024, representing the official price target for Infosys Ltd ADR stock.

The Average True Range (ATR) for Infosys Ltd ADR is set at 0.37, with the Price to Sales ratio for INFY stock in the period of the last 12 months amounting to 5.08. The Price to Book ratio for the last quarter was 9.50, with the Price to Cash per share for the same quarter was set at 1.06. Price to Free Cash Flow for INFY in the course of the last twelve months was 27.95 with Quick ratio for the last quarter at 1.88.

How has INFY stock performed recently?

Infosys Ltd ADR [INFY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.51. With this latest performance, INFY shares gained by 1.24% in over the last four-week period, additionally plugging by 26.20% over the last 6 months – not to mention a rise of 28.45% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INFY stock in for the last two-week period is set at 55.26, with the RSI for the last a single of trading hit 52.01, and the three-weeks RSI is set at 57.74 for Infosys Ltd ADR [INFY]. The present Moving Average for the last 50 days of trading for this stock 22.17, while it was recorded at 22.84 for the last single week of trading, and 19.36 for the last 200 days.

Infosys Ltd ADR [INFY]: Deeper insight into the fundamentals

Infosys Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.88 and a Current Ratio set at 1.88.

Earnings analysis for Infosys Ltd ADR [INFY]

With the latest financial reports released by the company, Infosys Ltd ADR posted 0.18/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for INFY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Infosys Ltd ADR go to 14.80%.

Insider trade positions for Infosys Ltd ADR [INFY]

The top three institutional holders of INFY stocks are: JPMORGAN CHASE & CO with ownership of 66.65 million shares, which is approximately 1.6101%. FIRST TRUST ADVISORS LP, holding 35.4 million shares of the stock with an approximate value of $$659.11 million in INFY stocks shares; and FIRST TRUST ADVISORS LP, currently with $$493.73 million in INFY stock with ownership which is approximately 0.6406%.