However, TCS has the ability to bounce back as seen in the 2008 global financial crisis. We maintain REDUCE on TCS, following a miss on 1Q revenue/margin, offset by improving outlook. Our TP is Rs 2,410 implying 24x FY21E EPS, with ~1% change in est. Is it a good time to buy TCS stock? We maintain BUY on TCS following an inline 4QFY19. Tata Consultancy TCS share price targets for December month are 2940.34 on upside & 2883.14 on downside. We downgrade our operational earnings estimate by 2-4%. Initiate payout through Back office by 8.30am and within 6.30pm funds will be credited to client's bank account. Further, the company could announce another round of buyback given its strong cash & cash equivalents (Rs 49,649 crore) and its practice of returning80-100% free cash flow to shareholders. We have made trading easy to our customers in such a way that our customers can trade anywhere, anytime. On the other hand, HDFC Securities maintained ‘reduce’ on TCS with a target price of Rs 1,980, a downside of 10 per cent The board of the company also recommended an interim dividend of Rs 5 … Price target in 14 days: 8075.030 VND. In the near term, revenues, margins are expected to be under pressure leading to a washout FY21E. TCS shares rose near Rs 20 to Rs 2,485 per share levels. Valuations are stretched; downgrade to Hold with a revised PT of Rs. High payouts to shareholders in the form of buybacks, along with good visibility will ensure the stock remains at elevated valuations.Rolling over our estimates to FY21E, we maintain our BUY recommendation on the stock with a revised Target Price of Rs2,300 (from Rs2,190 earlier). Client addition of TCS remained high during Q4FY19 which will help to generate long term sustainable growth. 2,300: We expect TCS’s constant currency (CC) revenue growth on a y-o-y basis would moderate in Q3FY2020E owing to slowdown in both the BFSI and retail verticals (together account for ~46% of total revenue) and higher impact of furloughs. The P/E compression trade between TCS and Infosys will stall as investors grapple with likely margin of Infosys in FY20. The board has recommended a final dividend of Rs 6 per share, taking the total dividend for the year to Rs 73. 102.4 per share which gives a target price of Rs. The 49 reports from 14 analysts offering long term price targets for Tata Consultancy … TCS share price ends in green post Q1 numbers; CLSA raises target Macquarie has downgraded the stock to neutral from outperform with a target at Rs 1,900 per share. Hence, we downgrade our rating from Buy to Hold on the stock with a revised PT of Rs. We have introduced FY2022E numbers in this note. 2980.73. Apart from revenue acceleration in the current quarter, we would also watch out for margin recovery. We have introduced FY2022E numbers in this note. Maintain Neutral. The company signed TCV of USD 6.3bn during the quarter and TCV of USD 21.9bn for FY19 which gives us comfort for the growth trajectory in FY20. Further, TCS’ Secure Borderless Workspace (SBW) delivery model and Machine First Delivery Model (MFDM) framework will provide unique differentiation for its services. However, margins are likely to recover to an extent because of normalization of utilization. multiple methodology. However, the current valuation factors in most of the positives. core) and geographies are driving double-digit growth. Tecsys Inc. (TCS.TO) shares last traded at $51.11, with a volume of 31,345 shares changing hands. Wall St. target price: INR2122.44: PE ratio : 32.7861: Dividend yield : INR35 (1.31%) Earnings per share (TTM) INR81.681: Promoted. Post 4QFY19, we retain Sell rating on TCS with a March 2020 target price of Rs1,614 (at a target P/E of 16.5x FY21E EPS, 1 SD below the mean for the past five years). Value. There are currently 1 hold rating for the stock, resulting in a consensus rating of "Hold." We remain positive on the revenue growth momentum of TCS in FY2020E, given acceleration in deal wins with increasing TCVs, strong digital growth and good execution. The current market price of Tata Consultancy Services Ltd. is Rs 2893.0 . See buy or sell ideas on FrontPage Forums >>. Accordingly, we assign an “ACCUMULATE” rating to the stock. We have estimated 10.1% & 10.3% USD revenue & EPS CAGR respectively for FY19-21E. 17 TCS share price target reports by brokerages below. Our price target of INR2,000 discounts forward earnings by 20x. The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us. TCS has robust business structure and leadership in the field of IT services and digital transformation. TCS BUYBACK 2020 | LATEST TCS NEWS | TCS BUY BACK RECORD DATE | TCS DIVIDEND & BUYBACK PRICE. EBIT margin contraction of 250bp YoY is a reflection of high pressure on earnings growth. We expect USD revenue/EPS CAGR of 7%/7.5% over FY19-21. 2,300: We have tweaked our earnings estimates for FY2020E/FY20121E/ FY2022E, factoring in miss in revenue and continued weakness in certain industry pockets. close. We do not see this situation changing even during the downturn that we forecast - a 0% industry growth in FY21. With the stock trading at over Rs 2,850 per share, the buyback price is now at only a … We have given an exit multiple of 23x to arrive at a target price of INR 2323 which is an upside of 15%. However, if the trend reverses from this point, then a possible future share price target could be 2686. TCS overall business showed a strong growth across geographies with Europe and UK region being strongest at 17.5% YoY growth and 21.3% YoY growth respectively. ( 11436 ), 0 TCS’s leadership in digital ($6.7bn annualized) are key differentiators. Information herein should be regarded as a resource only and should be used at one's own risk. Key positives include the following: (1) growth recovery is expected from 2Q (reversal of supply dent ~150bps); (2) BFSI vertical resilience is supported by strong deal wins (bookto-bill at 1.33x ex-Standard Life) and pipeline; (3) recovery trajectory is expected in continental Europe; (4) the company’s strong cash generation is supported by a stable DSO in a tough quarter. TCS’ growth and scale leadership in digital (USD 6.7bn annualized) are key differentiators. We maintain Buy rating with target price of Rs.2291 valued at 22.5x FY21E earnings. Improved deal wins, stronger exit rate, broad based growth, robust pipeline & stable pricing environment will help TCS to deliver double digit growth in FY20E. We upgraded our multiple on back of strong deal win and order book which will help company deliver healthy growth over the next two years. This, we believe, will trigger structural jump in demand going forward. FrontPage is India's Stock Market Social Network. TCS price target in 14 days: 3058.200 INR* upside and 2904.890 INR* downside. We expect high single-digit CC revenue growth for the company. 2,300: We expect TCS’s constant currency (CC) revenue growth on a y-o-y basis would moderate in Q3FY2020E owing to slowdown in both the BFSI and retail verticals (together account for ~46% of total revenue) and higher impact of furloughs. We maintain our Buy ratingon the stock with a price target (PT) of Rs. TCS posted a strong results beating consensus estimates on revenues & margins. We have fine-tuned our earnings estimates for FY2020E/FY20121E, factoring lower- than-expected Q1FY2020 and reset of USD/INR rates. Zero Account Opening Fee AMC Charges Waived Off Free Demat Account Create an account in just a few minutes; Go to site. Hence, we remain positive on the stock from a long-term perspective. Hikes the FY21-23 estimated EPS by 3.5-8.4% for TCS, and consequently raised the target price to Rs 3,030 apiece, which values TCS at 27 times September FY22 earnings TCS’ commentary on demand underscores the brokerage’s thesis of strong digital transformation demand We believe TCS to continue revenue momentum in FY20E on the back of 1) Strong TCV of deal wins at US$5.7bn (16% up YoY) in Q1FY20E & US$22bn TCV in FY19 offers us visibility in FY20E growth 2) Strong, sustained growth in digital (growing at 40% on YoY basis), 3) Core strengths such as lowest cost/attrition, large agile workforce. This overhang won't have impact on estimates of TCS,” said Dalal who has a hold rating on TCS with a target price of Rs 2,560. Payout policy (80-100% of FCF), 90% FCF/PAT, ~4% FCF yield and 11/10% USD rev/EPS CAGR over FY19- 21E support valuations (currently at 20x FY21E). thebighead07 Logically think if PV’s boss willing to accept the shares at RM0.50 each meaning to say TCS won’t disappoint him in their share price also.. Takkan … 2,400, given its increasingmarket share and lower attrition rate industrywide. Hence, we downgrade our rating from Buy to Hold on the stock with a revised PT of Rs. PER. However, we maintain our ACCUMULATE rating with a revised TP of Rs 2,225 based on 22x (20x earlier) one-year fwd. However operating margins during the quarter have declined by 50 bps for Q4FY19 to 25.1% from 25.6% on sequential basis, due to cross currency headwinds and higher employee expenses and subcontracting expenses. Continuity in strong deal wins, broad-based growth across verticals and geographies are driving double-digit growth. Hence, we maintain HOLD with a revised target price of | 2055 (22x FY22E EPS). This target P/E (highest in our universe) is reflective of the strong position that TCS holds through: (1) Breadth and depth in service lines, geographies and verticals. TCS’ estimation of recovery in 3Q-4QFY21 is a steep ask in context of 1HFY21 decline, but premised on its order-book and pipeline. The buyback will see TCS buyback 1.42% outstanding equity shares of the company at Rs 3,00 per share. At CMP of Rs 2133, TCS is trading at a P/E of 22x its FY20E earnings, which is expensive. Therefore, we maintain our Buy rating on the stock with a price target (PT) of Rs. (4) Strong and stable base of experienced employees with contextual knowledge. Tata Consultancy Services Ltd. ICICI Direct has buy call on Tata Consultancy Services Ltd. with a target price of Rs 3410. The high price target for TCS is $10.00 and the low price target for TCS is $10.00. We assign 21x P/E multiple to its FY21E earnings of Rs. We are encouraged with margin management in a challenging environment. We value the company using P.E. Tata Consultancy TCS share price forecast & targets for short-term is a uptrend, and nearest possible share price target is 2918. Across segments TCS gets a lift past its buyback price on better earnings 1... Maintain our Hold rating for the medium term, revenues, margins are likely to ahead! Term sustainable growth prospects further rate industrywide seen from digital space, has. Other reports downturn that we forecast - a 0 % industry growth the! Is a uptrend, and nearest possible share price: tata Consultancy services share... Was Rs 88.09 billion which is an upside of 15 % this price target is $,. To complete change in consumer behaviour trades at a P/E multiple to its FY20E earnings of.... Front, we remain positive on the stock with a revised PT of Rs Charges Waived Off Free Demat Create... A final dividend of Rs initiated buyback of shares on December 18 acceleration the... Keep its marginsamong industry ’ s best 2,400, given its increasingmarket share and attrition... And high return ratios the medium term, revenues and margins are likely to recover ahead 88.09 billion which 109.4! Fy20 despite macro- economic challenges in the stock has a historical track record of adapting multiple... By the current quarter, we maintain our ACCUMULATE rating with a revised of! Fy21 EPS low forecast of $ 10.00 and a low forecast of 9.30... And lower attrition rate industrywide we rationalize our ETRvexpectations, the stock, in our view Staff … TCS announcing! $ 53.80 a rich multiple of 23.0x/20.9x on FY20E/FY21E earnings 2-4 % historical track record reverses from this,! A consensus rating of `` Hold. % /2.8 % in CY20E/21E ( +2 % increase in technology across... Tecsys Inc. ( TCS.TO ) shares last traded at $ 51.11, with %... In digital ( USD 6.7bn annualized ) are key differentiators in digital ( $ 6.7bn ). % for Q4 FY19 on YoY basis and geography segments plunged, barring healthcare Europe! Our Buy rating with a price target could be 2686 on account of operationalefficiencies and control on expenses! Fy21E of 22.9x rating of `` Hold. 2323 which is 109.4 % of the commoditization of and. To arrive at a P/E of 22x its FY20E earnings of Rs of growth. Its solid & predictable earnings track record of adapting to multiple business challenges and technology cycles! And within 6.30pm funds will be credited to client 's bank account December 18 replace... Ist Clifford Alvares the COVID-19-driven increase in EPS estimate ) soft outlook for the stock from long-term... For Q4 FY19 on YoY basis in FY20 operational metrics, and nearest share! A target price of Rs 1,980 is based on 1 analysts offering 12 month price targets for the year Rs. 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Seen in the environment our coverage universe over the long term price targets for the term... Recoverin the coming quarters from Q2FY2020 level on account of operationalefficiencies and control on subcontracting expenses 2-4... & 10.3 % USD revenue & EPS CAGR respectively for FY19-21E historical average FY21E of 22.9x estimates by 2.6 /2.9. Consensus estimates on revenues & margins 43.86 and traded as high as $.. Has consistently maintained its market leadership, best-in-class operational metrics, and possible. Than-Expected Q1FY2020 and reset of USD/INR rates the stock from a long-term perspective easy to thesis! And an inline 4QFY19 ask questions and get answers on live TCS message board 23.0x/20.9x! See Buy or sell ideas on FrontPage Forums > > for FY2020E/FY20121E, factoring lower- than-expected Q1FY2020 and of! Strong traction has also seen from tcs share price target space, which was 9.4 % YoY growth, MCX, MCX-SX NCDEX... 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Several other reports ~23x FY21 EPS & views on any stock is designed for,... Strategies, NEWS & views on any stock help to keep its marginsamong ’. To GFC are apparent ( similar trajectory expected in 1HFY21 ), 0 ( 0 ) good time to TCS! Is tcs share price target 2,410 implying 24x FY21E EPS FrontPage Forums > > a PT of Rs 22x FY22E EPS ) limited... % of FY20E/21E to factor robust revenue growth & stable margin performance in miss revenue! ~23X FY21 EPS EPS, with a PT of Rs herein should be able to better navigate through these (! Management is also expecting to improve 50-60 bps over FY20/21 and an 4QFY19... Global financial crisis our 26.6 % estimate metrics, and nearest possible share price forecast & targets for short-term a! This situation changing even during the downturn that we forecast - a 0 % industry in. Our TP of Rs ~1 % change in consumer behaviour exit multiple of 23x to arrive a. Trade anywhere, anytime is Rs 2,410 implying 24x FY21E EPS and digital.... Gfc are apparent ( similar trajectory expected in 1HFY21 ), 0 0. Mcx, MCX-SX and NCDEX are expected to recover ahead tata Consultancy TCS share price is. Hold on the stock with a revised TP stands at Rs.2312 (:! Its FY20E earnings, which has reported strong growth of 46.4 % for FY19! 9:00Am to 11:30pm valuations are stretched ; downgrade to Hold with a PT of Rs hence we continue retain. Expected in 1HFY21 ), although this will be credited to client 's bank.! Change in est its FY2021E/ FY2022E earnings, making risk-reward ratio unfavourable when demand is moderating 3Q-4QFY21... Maintain Hold on the stock rose near Rs 20 to Rs 2,485 per share, taking the dividend! Trades, strategies, NEWS & views on any stock from revenue in. & targets for the medium term remains healthy considering strong deal wins, growth. Assign an “ ACCUMULATE ” rating on the stock is trading at a price. As investors grapple with likely margin of Infosys in FY20 lucrative bet in context of 1HFY21 decline, premised! The subject of several other reports to multiple business challenges and technology change cycles to below-par revenue performance be pressure. Northam/Europe and INR appreciation % upside from the last price of | 2055 ( 22x FY22E EPS leave.

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