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.
WIT was given price targets by several analysts. The maximum price target given was 5.28, implying a possible profit of -13.44 percent. The most pessimistic analyst gave a price target of 2.76, implying a possible loss of -54.75 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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. Meanwhile, fiscal year estimates have been revised upwards by 1.92 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 1.92 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of WIT to grow at a rate of 61 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. 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. Today's price is 35.56 percent above the 52-week low, 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.