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.

Several price targets were given for WIT by the analysts covering the stock. The maximum price target given was 5.28, implying a possible profit of -13.44 percent. The minimum price target given was 2.76, implying potential capital losses of -54.75 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -7.14 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -7.14 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.92 percent, as compared to a month ago. 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. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 2 analysts that decreased their estimates. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.

The growth rate of WIT's earnings is estimated by analysts to be 61 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of WIT is 0.61.

In the trailing 52-weeks, WIT hit 6.23 at the highest peak, while it's lowest trading point was 4.50. Today's price is 35.56 percent above the 52-week low, 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.