ExlService Holdings (NASDAQ: EXLS)‘s stock had its “neutral” rating restated by analysts at JPMorgan Chase in a research report issued to clients and investors on Monday. They currently have a $34.00 price target on the stock, up from their previous price target of $32.00.
The analysts wrote, “Last Friday, EXLS reported in-line F4Q results and hosted its investor day in NYC. Overall takeaways were positive as EXLS’s medium-term growth should accelerate, benefiting from expanding sales force and service/delivery capabilities. Moreover, management commentary on demand environment was more positive than last year (and peers), as the company is seeing healthy build up of large sized contracts in its pipeline. We believe EXLS clearly has the leadership position in the US insurance vertical for BPO services, and is going to increasingly invest in its healthcare/F&A/platforms/analytics businesses over the near term. The company’s near-term margins should expand, but we expect steady margins beyond that (already above peers).”
Several other analysts have also recently commented on the stock. Analysts at Bank of America reiterated a “neutral” rating on shares of ExlService Holdings in a research note to investors on Monday. They now have a $32.10 price target on the stock, up previously from $28.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of ExlService Holdings in a research note to investors on Monday. They now have a $32.00 price target on the stock, up previously from $27.00. Finally, analysts at Oppenheimer raised their price target on shares of ExlService Holdings from $32.00 to $34.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock.
Six investment analysts have rated the stock with a buy rating, and five have given a hold rating to the stock. ExlService Holdings currently has a consensus rating of “overweight” and an average price target of $30.44.
Shares of ExlService Holdings traded down 0.60% during mid-day trading on Monday, hitting $31.62. ExlService Holdings has a 52 week low of $20.28 and a 52 week high of $32.23. The stock’s 50-day moving average is currently $29.77. The company has a market cap of $1.018 billion and a P/E ratio of 25.25.
ExlService Holdings last posted its quarterly earnings results on Friday, March 1st. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.02. The company had revenue of $117.65 million for the quarter, compared to the consensus estimate of $117.37 million. During the same quarter last year, the company posted $0.37 earnings per share. ExlService Holdings’s revenue was up 14.7% compared to the same quarter last year. ExlService Holdings has set its FY13 guidance at $1.77-1.85 EPS. Analysts expect that ExlService Holdings will post $1.81 EPS for the current fiscal year.
ExlService Holdings, Inc. is a provider of outsourcing and transformation services. The Company’s outsourcing services provide integrated front-, middle- and back-office process outsourcing services for its United States-based and the United Kingdom-based customers.
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