WNS (NYSE:WNS) had its price target upped by stock analysts at Loop Capital to $50.00 in a report released on Friday, The Fly reports. The firm currently has a “buy” rating on the business services provider’s stock. Loop Capital’s target price points to a potential upside of 13.43% from the company’s current price.
A number of other research analysts have also recently issued reports on WNS. SunTrust Banks restated a “buy” rating and set a $41.00 price objective on shares of WNS in a report on Monday, October 9th. Robert W. Baird restated a “buy” rating on shares of WNS in a report on Wednesday, October 11th. Cowen restated a “buy” rating and set a $42.00 price objective on shares of WNS in a report on Thursday, October 12th. Citigroup boosted their price objective on shares of WNS from $40.00 to $43.00 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $38.00 price objective on shares of WNS in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $46.85.
WNS (NYSE WNS) opened at $44.08 on Friday. The stock has a market cap of $2,280.64, a P/E ratio of 40.44, a P/E/G ratio of 1.98 and a beta of 1.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.37 and a current ratio of 2.37. WNS has a 1-year low of $27.43 and a 1-year high of $46.00.
WNS declared that its board has authorized a stock buyback plan on Thursday, January 18th that authorizes the company to repurchase 3,300,000 shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
Institutional investors have recently added to or reduced their stakes in the company. OLD National Bancorp IN acquired a new position in shares of WNS in the third quarter valued at approximately $202,000. Trexquant Investment LP acquired a new position in shares of WNS in the third quarter valued at approximately $210,000. Advisor Group Inc. boosted its holdings in shares of WNS by 731.2% in the third quarter. Advisor Group Inc. now owns 6,417 shares of the business services provider’s stock valued at $234,000 after buying an additional 5,645 shares during the period. 1st Global Advisors Inc. acquired a new position in shares of WNS in the second quarter valued at approximately $223,000. Finally, BT Investment Management Ltd acquired a new position in shares of WNS in the third quarter valued at approximately $287,000. Institutional investors own 85.95% of the company’s stock.
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WNS Company Profile
WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.
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