Analyst Ratings for Wipro Ltd. ADR (WIT)

Updated: 2017-07-28

Wipro Ltd. ADR (NYSE:WIT) was awarded an average rating of Underweight from investment analysts following the stock. Last month, WIT received an average rating of Hold.

53 analysts issued ratings on the stock, where 4 gave WIT a buy rating, 4 gave an overweight rating, 20 gave a hold rating, 9 issued an underweight rating, and 16 issued a sell rating. Compared to three months ago, there has been an decrease of 2 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 4 in the number of analysts with a negative outlook on the stock.

Investment analysts gave a few price targets for WIT. The maximum price target given was 5.28, which equates to a potential upside of -13.44 percent. The lowest price target was 2.76, implying a possible loss of -54.75 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -7.14 percent. That number becomes -7.14 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 1.92 percent. If we look at the last 90 days instead, we find a net average change of 1.92 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.

WIT has an estimated earnings growth rate of 61 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. WIT has a PEG ratio of 0.61.

WIT has traded between a high of 6.23 and a low of 4.50 over the past year. The current market price is above the trailing year's low by 35.56 percent, and 2.09 percent below the high. WIT has a P/E ratio of 36.95. Investors typically compare the P/E ratio to a company's peers in the industry. The WIT value stock report compares WIT to some of its peers using value stock charts. The market cap of WIT is $22.02 billion. WIT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.