Infosys Ltd ADR (NYSE: INFY): Stock Forecast For 2024 Sees A An Incline Of 18.07%

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In today’s recent session, 3.78 million shares of the Infosys Ltd ADR (NYSE:INFY) have been traded, and its beta is 0.97. Most recently the company’s share price was $18.20, and it changed around -$0.14 or -0.78% from the last close, which brings the market valuation of the company to $75.55B. INFY at last check was trading at a discount to its 52-week high of $20.62, offering almost -13.3% off that amount. The share price’s 52-week low was $15.21, which indicates that the recent value has risen by an impressive 16.43% since then. We note from Infosys Ltd ADR’s average daily trading volume that its 3-month average coming to 10.24 million.

Infosys Ltd ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.10. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 12 recommended INFY as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight.

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Infosys Ltd ADR (NYSE:INFY) trade information

Instantly INFY has been showing red trend so far today with a performance of -0.78% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -0.43% year-to-date, but still up 1.60% over the last five days. On the other hand, Infosys Ltd ADR (NYSE:INFY) is 5.42% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $19.7, which translates to bulls needing to increase their stock price by 7.61% from its current value. Analyst projections state that INFY is forecast to be at a low of $14 and a high of $23.6.

Infosys Ltd ADR (INFY) estimates and forecasts

Infosys Ltd ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -2.45 percent over the past six months and at a -1.32% annual growth rate that is well below the industry average of 9.70%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.61%. Infosys Ltd ADR earnings are expected to increase by -0.43% in 2024, but the outlook is positive 14.80% per year for the next five years.

INFY Dividends

Infosys Ltd ADR’s next quarterly earnings report is expected to be released in July. The annual dividend yield of the stock is 3.03 percent and its annual dividend per share was 0.55. It is important to note, however, that the 3.03% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.