Kaufman Bros. Reinstates Coverage on Genpact Ltd. (G) at Buy; Leadership Position in Offshore BPO

October 28, 2011 7:23 AM EDT
Get Alerts G Hot Sheet
Price: $34.02 -1.02%

Rating Summary:
    11 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Kaufman Bros. reinstates coverage on Genpact Ltd. (NYSE: G) with a Buy. PT $19.00.

Kaufman analyst says, "We see a steady traction for Genpact over the next few years, led by: 1) its leadership position in the under-penetrated offshore BPO market given its scale, brand, referrals, and execution record; 2) synergies derived from the recent Headstrong acquisition driving solid cross-selling opportunities; 3) its strong traction in high-end SDS offerings such as analytics and re-engineering; 4) a steady margin profile with the flexibility to make growth investments; 5) a high mix of recurring revenue in the core BPO business; 6) strong positioning to capitalize on integrated IT/BPO service offerings; and 7) industry-leading expertise in process excellence and re-engineering attributable to its GE (NYSE: GE) legacy."

For more ratings news on Genpact Ltd. click here and for the rating history of Genpact Ltd. click here.

Shares of Genpact Ltd. closed at $16.32 yesterday.


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