Infosys Ltd ADR (NYSE:INFY) Drops -3.02%, But A Strong Recovery May Be Imminent

In recent trading session, Infosys Ltd ADR (NYSE:INFY) saw 3.02 million shares changing hands at last check today with its beta currently measuring 0.99. Company’s recent per share price level of $22.21 trading at -$0.69 or -3.02% at last check today assigns it a market valuation of $92.21B. That most recent trading price of INFY’s stock is at a discount of -5.72% from its 52-week high price of $23.48 and is indicating a premium of 28.19% from its 52-week low price of $15.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.09 million shares which gives us an average trading volume of 8.95 million if we extend that period to 3-months.

For Infosys Ltd ADR (INFY), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.14. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.19 in the current quarter.

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Infosys Ltd ADR (NYSE:INFY) trade information

Upright in the red during last session for losing -3.02%, in the last five days INFY remained trading in the red while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $22.21 price level, adding 5.29% to its value on the day. Infosys Ltd ADR’s shares saw a change of 21.52% in year-to-date performance and have moved -1.95% in past 5-day. Infosys Ltd ADR (NYSE:INFY) showed a performance of -1.21% in past 30-days. Number of shares sold short was 77.26 million shares which calculate 9.85 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 20.05 to the stock, which implies a fall of -10.77% to its recent value today. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 23.6. It follows that stock’s current price would jump 36.97% in reaching the projected high whereas dropping to the targeted low would mean a gain of 36.97% for stock’s current value.

Infosys Ltd ADR (INFY) estimates and forecasts

Statistics highlight that Infosys Ltd ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company added 35.28% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 14.50. This year revenue growth is estimated to rise 3.80% from the last financial year’s standing.

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 4.84B for the same. And 7 analysts are in estimates of company making revenue of 4.88B in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 8.61% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 1.33% while estimates for its earnings growth in next 5 years are of 8.38%.

INFY Dividends

Infosys Ltd ADR is more likely to be releasing its next quarterly report on 2024-Oct-17 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.48%, the share has a forward dividend of 0.55 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.2%.

Infosys Ltd ADR (NYSE:INFY)’s Major holders

JPMORGAN CHASE & CO is the top institutional holder at INFY for having 66.65 million shares of worth $1.24 billion. And as of 2024-06-30, it was holding 1.6101 of the company’s outstanding shares.

The second largest institutional holder is FIRST TRUST ADVISORS LP, which was holding about 35.4 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.8551 of outstanding shares, having a total worth of $659.11 million.

On the other hand, iShares Core MSCI Emerging Markets ETF and iShares MSCI India ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 29.33 shares of worth $656.6 million or 0.71% of the total outstanding shares. The later fund manager was in possession of 23.96 shares on Sep 30, 2024 , making its stake of worth around $536.55 million in the company or a holder of 0.58% of company’s stock.