Oppenheimer restated their hold rating on shares of iGATE Corp. (NASDAQ:IGTE) in a report released on Thursday, Stock Ratings Network reports. Oppenheimer currently has a $22.00 price objective on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of iGATE Corp. from $18.00 to $19.00 in a research note to investors on Thursday. They now have a hold rating on the stock. Separately, analysts at Zacks upgraded shares of iGATE Corp. from a neutral rating to an outperform rating in a research note to investors on Thursday. They now have a $20.80 price target on the stock. Finally, analysts at Sidoti downgraded shares of iGATE Corp. from a buy rating to a neutral rating in a research note to investors on Tuesday, May 21st.
Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $21.30.
Shares of iGATE Corp. (NASDAQ: IGTE) traded up 3.42% during mid-day trading on Thursday, hitting $21.50. iGATE Corp. has a one year low of $13.98 and a one year high of $20.79. The stock’s 50-day moving average is currently $16.13. The company has a market cap of $1.232 billion and a P/E ratio of 18.88.
iGATE Corporation (NASDAQ: IGTE) is an outsourcing provider of integrated end-to-end offshore centric information technology (IT) and IT-enabled operations solutions and services.