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.

Many analysts weighed in on price targets for WIT. The maximum price target given was 5.28, implying a possible profit of -13.44 percent. The most pessimistic price target was 2.76, which equates to a potential downside of -54.75 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates downwards for this quarter, by about -7.14 percent on average, compared to last month. The average change in earnings estimates over the last 90 days 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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Also over the last month, 3 analysts increased their estimates for the FY 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. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. 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. WIT has a PEG ratio of 0.61.

In the trailing 52-weeks, WIT hit 6.23 at the highest peak, while it's lowest trading point was 4.50. Currently the stock is 35.56 percent higher than its low, and below the high by 2.09 percent. WIT has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.