Equities research analysts at Goldman Sachs (NYSE: GS) downgraded shares of Sapient Co. (NASDAQ: SAPE) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. The analysts currently have a $15.00 price target on the stock.
Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Sapient Co. in a research note to investors on Thursday, May 12nd. Also, analysts at Citigroup (NYSE: C) raised their price target on shares of Sapient Co. from $14.75 to $17.25 in a research note to investors on Thursday, May 12nd. They now have a “buy” rating on the stock.
Shares of Sapient Co. traded down 0.69% during mid-day trading on Thursday, hitting $14.36. Sapient Co. has a 52 week low of $9.31 and a 52 week high of $14.78. The stock’s 50-day moving average is $13.03 and its 200-day moving average is $12.34. The company has a market cap of $1.981 billion and a price-to-earnings ratio of 40.28.
Sapient Co. last announced its quarterly results on Thursday, May 5th. The company reported $0.12 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.07 EPS by $0.05. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 31.70% on a year-over-year basis. On average, analysts predict that Sapient Co. will post $0.14 EPS next quarter.
Sapient Corporation (Sapient) is a global services company. The Company markets its services through two primary areas of focus: SapientNitro and Sapient Global Markets. It also provides traditional advertising capabilities, offering a multi-channel marketing and commerce solution for clients. Sapient provides business and information technology (IT) strategy, process and system design, program management, custom development and package implementation, systems integration and outsourced services, including testing, maintenance and support through Sapient Global Markets. Sapient Government Services is a provider of consulting, technology and marketing services to a range of the United States governmental agencies. On July 1, 2009, the Company acquired NITRO Group Ltd. (Nitro), a global advertising network operating across North America, Europe, Australia and Asia.
Contact Details:
Rahul Varandani
Marketing | Sapient
DLF Cyber Greens
DLF Phase III
Sector 25-A
Gurgaon 122 002
Haryana
India
Desk: +91 (124) (416 7000)
Mobile: +919899119977
Fax: +911244167001
Email: [email protected]
