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. 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. (4) Strong and stable base of experienced employees with contextual knowledge. 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. Upside Price target. This price target is based on 1 analysts offering 12 month price targets for The Container Store Group in the last 3 months. We assign 21x P/E multiple to its FY21E earnings of Rs. The management is also expecting to improve operating margins in forthcoming years. Improved deal wins, stronger exit rate, broad based growth, robust pipeline & stable pricing environment will help TCS to deliver double digit growth in FY20E. India's largest IT services firm Tata Consultancy Services (TCS) has initiated buyback of shares on December 18. The current market price of Tata Consultancy Services Ltd. is Rs 2893.0 . However, current valuations factor in most positives. Target 3. 2,150: We have downgraded our earnings estimates for FY2020E/FY20121E, factoring missin revenue and profitability. (5) Strong platform and agile delivery capabilities. ATS is India’s Most Preferred & Trusted Financial Services Company with more than 1 Lakh Satisfied Clients who enjoy the service from 800+ Locations, backed by 24x7 Expert Support and offers the Lowest Brokerage in the market. Accordingly, we assign an “ACCUMULATE” rating to the stock. 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. Their average twelve-month price target is $10.00, predicting that the stock has a possible downside of 14.60%. TCS. Maintain Buy. Continuity in strong deal wins, broad-based growth across verticals (esp. Free cash flow was Rs 80.68 billion, for the full year it was Rs 323.03 billion, which was 9.4% YoY growth. However weaker IT spending may lower growth momentum. With the stock trading at over Rs 2,850 per share, the buyback price is now at only a … ATS: CDSL SEBI- Registration Number-IN-DP-CDSL-656-2012 | DP ID- 12074300 | BSE Membership Code-6481| BSE SEBI Registration Number- Capital Market -INB011384030 | Derivatives- INF011384030 | NSE Membership Code-13840 | NSE SEBI Registration Number – Capital Market –INB231384034 | Derivatives- INF231384034 Currency Market-INE231384034 | MCX-SX Membership Code- 73800 | MCX-SX SEBI Registration Number -Currency Market-INE261384031| ATS: MCX Membership Code : 10795 | FMC Code: MCX/TCM/CORP/0039 | NCDEX Membership Code: 00278 | FMC Registration Code: NCDEX/TCM/CORP/0322. At the CMP, the stock is trading at 23x/21x its FY2020E/FY2021E EPS, justifying premium valuation given its consistency and leadership position coupled with strong FCF generation and investor-friendly payouts. At CMP of Rs 2133, TCS is trading at a P/E of 22x its FY20E earnings, which is expensive. Our revised TP stands at Rs.2312 (earlier: Rs.2265) valued at 22.5x Mar-21 multiple. However, margins are likely to recover to an extent because of normalization of utilization. Apart from revenue acceleration in the current quarter, we would also watch out for margin recovery. Hence, we downgrade our rating from Buy to Hold on the stock with a revised PT of Rs. On the margin front, we expect EBIT to improve 50-60 bps over FY20/21. Thus, we expect the stock to remain subdued in the next quarter owing to below-par revenue performance. Tata Consultancy TCS share price forecast & targets for short-term is a uptrend, and nearest possible share price target is 2918. 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 Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TCS stock is a recommendation set at 3.30. 2,150 per share, upside of 5%. The strengths of TCS in automation, platforms, a stable workforce, ‘location- independent agile’ methodology, etc help to keep its margins among industry’s best. Accordingly, we remain NEUTRAL on the stock despite being positive on the company. We assign 21x P/E multiple to its FY21E earnings of Rs. ATS offers lowest brokerage charges with no hidden cost. 102.4 per share which gives a target price of Rs. Price target in 14 days: 8075.030 VND. The stock has a fifty day moving average of $43.86 and traded as high as $53.80. Further, leakage in existing/old projects and/or delay in decision making on spending programmes owing to uncertain macros and upcoming election could impact its growth in the near term. Initiate payout through Back office by 8.30am and within 6.30pm funds will be credited to client's bank account. This target P/E (highest in our universe) reflects the strong position that TCS holds in the Indian IT services industry through: (1) Breadth and depth in service lines, geographies and verticals, (2) Ability to stitch together integrated offerings, (3) Significant lead in automation skills, (4) Strong and stable base of experienced employees with contextual knowledge and (5) Strong platform and agile delivery capabilities. Further, we believe there are long term drivers for the company in terms of market share gains, acceleration in digital technologies and ability to win large deals based on company’s execution. However, we continue to like TCS on account of strength in its business model, consistency, solid execution and strong FCF generation profile. Target 2. The 49 reports from 14 analysts offering long term price targets for Tata Consultancy … The company maintained its aspirational margin band of 26%-28% despite visa rejection and talent shortage; we expect TCS to deliver margin towards lower end of its guidance. 2,300. close. We retain our Sell rating on TCS with a September 2021 target price (TP) of Rs1593 (at a target P/E of 16.5x FY21E EPS, 1 SD below the mean for the past five years). The strengths of TCS will help it gain market share despite its size and also help to keep its marginsamong industry’s best. TCS shares rose near Rs 20 to Rs 2,485 per share levels. 2306, an upside of 7%. TCS share price target,tips, entry and stoploss for today Get to know the TCS share price history through the Dynamic Levels - Support and Resistance levels ladder. 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). Login . We have made trading easy to our customers in such a way that our customers can trade anywhere, anytime. We have given an exit multiple of 23x to arrive at a target price of INR 2323 which is an upside of 15%. These share price targets given for Tata Consultancy Services Limited TCS are very strong targets and levels, and are valid for immediate and current trading for the month of December 2020. EBITDA margin came in at 26.2% versus our 26.6% estimate. Outlook & Valuation: Incrementally cautious commentary led by weak BFSI outlook is a negative. TCS Share Price: Tata Consultancy Services or TCS shares have gone up by around 1 per cent after the opening bell sounded today. 2,300. This Ladder (Patent Applied) is a comprehensive depiction of TCS Share Price History including major Weekly and Monthly Support and Resistance Levels of TCS along with volume, sector, live price and much more. 2,150. The Rs 16,000-crore share buyback programme will close on January 1, 2021. Strong traction has also seen from digital space, which has reported strong growth of 46.4% for Q4 FY19 on YoY basis. Key concerns include: (1) recovery lag in Retail & CPG vertical (sub-vertical impact), manufacturing vertical, and (2) UK geography’s performance (BFS weakness). At the CMP, the stock is trading at 26x/23x its FY2020E/FY2021E earnings, making risk-reward ratio unfavourable when demand is moderating. TCS’s valuation premium is justified given its solid & predictable earnings track record. 3046
(0). In our view, TCS shares warrant a sector premium for its market leadership position, readiness to participate aggressively into new opportunities and its high ROE. (3) Significant lead in automation skills. Tecsys Inc. (TCS.TO) shares last traded at $51.11, with a volume of 31,345 shares changing hands. 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 … Additionally, it has consistently maintained its market leadership, best-in-class operational metrics, and high return ratios. Get complete details on Tata Consultancy Services Ltd. share price data, company profile data, company news, intraday charts, EOD charts, financial data, peer comparison, company results, company reports, company meetings, investors returns data etc. We maintain REDUCE on TCS, following a miss on 1Q revenue/margin, offset by improving outlook. The company’s preparedness on training its work force towards Digital/Agile technologies provide a key competitive advantage for TCS over its peers and should translate into key client account wins. Join 40,000 traders and investors. W. Weakness Analysis will coming Soon. While the company’s performance was weaker than anticipated, we believe USD6.9bn TCV (up 20% YoY) along with calling out of Q1FY21 as a peak pain quarter by the CEO is extremely positive. (Mint) TCS gets a lift past its buyback price on better earnings expectations 1 min read. Value. 3018.88. According to analysts' consensus price target of $10.00, The Container Store Group has a forecasted upside of 2.9% from its current price of $9.72. Invested funds as at March 31st stood at Rs 443.11 billion. 2942.58. TCS BUYBACK 2020 | LATEST TCS NEWS | TCS BUY BACK RECORD DATE | TCS DIVIDEND & BUYBACK PRICE. Macro environment for global IT spending is improving and is expected to increase 3.5%/2.8% in CY20E/21E. Client addition for TCS remained high during Q2FY20 which will help to generates sustainable growth over long term. Updated: 04 Jan 2021, 03:30 PM IST Staff … Demand outlook for the medium term remains healthy considering strong deal wins. We prefer TCS followed by Infosys and HCLT within our coverage universe over the next 12-24 months. However operating margins during the quarter have declined by 165 bps for Q2FY20 to 26.2% from 27.9% on sequential basis, due to cross currency headwinds, higher employee expenses and subcontracting expenses. Hence, we remain positive on the stock from a long-term perspective. Our price target of INR2,000 discounts forward earnings by 20x. FrontPage. However, TCS has the ability to bounce back as seen in the 2008 global financial crisis. Stock is currently trading at 23.1x/ 21.1x FY20E/21E earnings. TCS is our top large cap IT pick. TCS Share Price Target Today. Over time it is likely the management will rationalize subcontractor costs and replace them with its own lower-cost resources over time. TCS’ strong TCV wins, improving YoY growth in BFSI, all-round vertical growth, rising Digital revenue and healthy 4Q exit rate drive confidence on underlying momentum, and we expect the IT major to comfortably post double-digit revenue growth in FY20E (>11%). We maintain Buy rating with target price of Rs.2291 valued at 22.5x FY21E earnings. 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. Valuations at >1SD more than adequately factor in the recovery trajectory, although the improving nearterm visibility could keep the stock price elevated. Amount of Analyst Coverage. 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. Strong revenue growth outlook despite macro-economic concerns The management is confident of strong growth in FY20 despite macro- economic challenges in the environment. TCS has also won multiple deals across segments in past recent quarters, total contract value (TCV) for the Q4 FY19 is highest at $ 6.2 bn. Tata Consultancy TCS share price targets for December month are 2940.34 on upside & 2883.14 on downside. TCS Share Long Term Investment Price Target: TCS Long Term Investment Tagets Price Qnt.Ratio; Lot-1 ₹2,135.53: 20 [1X] Lot-2 ₹1,982.99: 40 [2X] Lot-3 ₹1,830.45: 80 [4X] Lot-4 ₹1,677.91: 180 [8X] TCS Fundamentals SWOT Analysis by AMT Strengths, Weaknesses, Opportunities, and Threats of TCS. As per a report by Institutional Investor Advisory Services Tata Sons has two options to raise the money- to sell about 16% TCS, which will bring down its shareholding to 56% from 72% now and will also impact the conglomerate's cash flow from the company. S. Strengths Analysis will coming Soon. 3,040 +111.75 (3.82%) Updated 03:29 04/01 IST. We reiterate TCS as our top pick in tier-1 IT sector since it’s likely to gain more market share using its specific core strengths viz. We would also like to highlight in last 8 quarters inspite of slight contraction in EBIT margins, TCS has always maintained its net profit margin at ~21%. Valuations are stretched; Maintain Hold with a PT of Rs. Cormark upped their target price on shares of Tecsys Inc. (TCS.TO) from C$33.50 to C$35.00 in a research note on Friday, September 11th. Our TP is Rs 2,420 at 24x Jun-21E EPS, with ~2% cut in earnings estimates. TCS has a historical track record of adapting to multiple business challenges and technology change cycles. In the near term, revenues and margins are expected to be under pressure leading to a wash out FY21E. TCS’ estimation of recovery in 3Q-4QFY21 is a steep ask in context of 1HFY21 decline, but premised on its order-book and pipeline. Therefore, we maintain our Buy rating with a revised PT of Rs. TCS also won multiple deals across segments in Q2 FY20; on hiring front, employee addition remained strong during Q2 FY20 which denotes the healthy demand outlook in medium term TCS management is keen on achieving double digit growth in FY20. 1, 2021 est ) during the downturn that we forecast - a 0 industry. And should be used at one 's own risk TCS gets a lift past its buyback price on better expectations. Investments in building digital capabilities & strong execution Demat account, easy & convenient, stamp... 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