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 most optimistic analyst gave a price target of 5.28, implying a possible profit of -13.44 percent. The most pessimistic price target was 2.76, implying potential capital losses 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. The average change in earnings estimates over the last 90 days is -7.14 percent. 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. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of WIT to grow at a rate of 61 percent. 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, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of WIT is 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 below the high by 2.09 percent. 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 stock has a market capitalization of $22.02 billion. WIT will post this quarters earnings in days, on 0000-00-00.