WNS’s (WNS) Buy Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their buy rating on shares of WNS (NYSE:WNS) in a research note issued to investors on Friday morning. They currently have a $42.00 price target on the business services provider’s stock.

Other equities research analysts have also issued reports about the stock. Citigroup boosted their target price on shares of WNS from $40.00 to $43.00 and gave the stock a buy rating in a research report on Friday, October 13th. Cowen restated a buy rating and set a $42.00 target price on shares of WNS in a research report on Thursday, October 12th. SunTrust Banks restated a buy rating and set a $41.00 target price on shares of WNS in a research report on Monday, October 9th. Barrington Research boosted their target price on shares of WNS from $40.00 to $44.00 and gave the stock an outperform rating in a research report on Monday, October 30th. Finally, Loop Capital restated a buy rating and set a $44.00 target price (up from $41.00) on shares of WNS in a research report on Monday, October 30th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $43.38.

Shares of WNS (NYSE:WNS) opened at $39.69 on Friday. The company has a market cap of $1,971.39, a price-to-earnings ratio of 42.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.02. WNS has a 1 year low of $26.68 and a 1 year high of $42.36. 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 (NYSE:WNS) last issued its earnings results on Friday, October 27th. The business services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. The company had revenue of $182.30 million for the quarter, compared to analyst estimates of $175.36 million. WNS had a net margin of 7.24% and a return on equity of 19.23%. The business’s revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. sell-side analysts predict that WNS will post 1.59 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of WNS by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,360 shares of the business services provider’s stock worth $288,000 after buying an additional 500 shares in the last quarter. OxFORD Asset Management LLP boosted its position in shares of WNS by 2.3% in the 2nd quarter. OxFORD Asset Management LLP now owns 100,566 shares of the business services provider’s stock worth $3,455,000 after buying an additional 2,266 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of WNS by 2.9% in the 2nd quarter. California Public Employees Retirement System now owns 106,600 shares of the business services provider’s stock worth $3,663,000 after buying an additional 3,000 shares in the last quarter. Summit Global Investments boosted its position in shares of WNS by 31.7% in the 2nd quarter. Summit Global Investments now owns 15,800 shares of the business services provider’s stock worth $543,000 after buying an additional 3,800 shares in the last quarter. Finally, Lenox Wealth Management Inc. boosted its position in shares of WNS by 30.2% in the 3rd quarter. Lenox Wealth Management Inc. now owns 17,606 shares of the business services provider’s stock worth $642,000 after buying an additional 4,088 shares in the last quarter. Institutional investors and hedge funds 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.

Analyst Recommendations for WNS (NYSE:WNS)

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