Market Overview

UPDATE: J.P. Morgan Raises PT on WNS Holdings Ltd. on Updated Estimates

Share:
Related WNS
Mid-Morning Market Update: Markets Edge Higher; Netflix Earnings Top Expectations
Earnings Scheduled For January 19, 2017

In a report published Monday, J.P. Morgan analyst Tien-tsin Huang reiterated a Neutral rating on WNS Holdings Ltd. (NYSE: WNS), and raised the price target from $13.00 to $15.00.

In the report, Huang noted, “First, recent appreciation in USD vs. other currencies will hurt reported growth rates this year, assuming current rates hold. We also estimate C1Q13 had 3% fewer billing days than last year's, which should create growth headwinds in C1Q and tailwinds in C2Q for IT services firms. We believe the trend should be incrementally positive for stocks that issue quarterly guidance (i.e. where Street estimates likely reflect 1Q headwinds, but not 2Q tailwinds). Finally, H1b visa's annual cap was hit within the first week this year, but we do not view the news as an indicator of demand.”

WNS Holdings Ltd. closed on Friday at $14.16.

Latest Ratings for WNS

DateFirmActionFromTo
Jan 2017Loop CapitalInitiates Coverage OnBuy
Sep 2016BairdMaintainsOutperform
Aug 2016SunTrust Robinson HumphreyUpgradesNeutralBuy

View More Analyst Ratings for WNS
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Price Target Analyst Ratings

 

Related Articles (WNS)

View Comments and Join the Discussion!