TELUS International (Cda) (NYSE:TIXT) Price Target Cut to $9.00

TELUS International (Cda) (NYSE:TIXT) had its price target cut by research analysts at Robert W. Baird from $10.00 to $9.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 15.16% from the company’s previous close.

Several other research analysts also recently weighed in on TIXT. CIBC cut their target price on shares of TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. Canaccord Genuity Group increased their target price on shares of TELUS International (Cda) from $14.50 to $16.50 and gave the stock a “buy” rating in a research report on Monday, February 12th. TD Securities upped their price target on TELUS International (Cda) from $10.50 to $11.50 and gave the stock a “buy” rating in a report on Monday, February 12th. Citigroup upped their price target on TELUS International (Cda) from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Finally, Barclays increased their target price on TELUS International (Cda) from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.83.

TELUS International (Cda) Stock Down 1.6 %

TIXT stock opened at $7.82 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.80. TELUS International has a twelve month low of $6.03 and a twelve month high of $21.75. The company’s 50 day moving average is $9.29 and its two-hundred day moving average is $8.28. The stock has a market cap of $834.88 million, a P/E ratio of 52.10, a PEG ratio of 8.37 and a beta of 0.90.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings data on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $692.00 million for the quarter, compared to analysts’ expectations of $691.00 million. TELUS International (Cda) had a net margin of 1.99% and a return on equity of 11.74%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. Research analysts expect that TELUS International will post 0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TELUS International (Cda)

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. grew its position in TELUS International (Cda) by 156.0% in the first quarter. Advisor Group Holdings Inc. now owns 9,241 shares of the company’s stock valued at $228,000 after purchasing an additional 5,631 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of TELUS International (Cda) by 43.4% in the 1st quarter. JPMorgan Chase & Co. now owns 7,367 shares of the company’s stock valued at $182,000 after purchasing an additional 2,228 shares during the last quarter. BlackRock Inc. lifted its position in shares of TELUS International (Cda) by 39.2% during the 1st quarter. BlackRock Inc. now owns 23,362 shares of the company’s stock valued at $577,000 after acquiring an additional 6,582 shares during the period. Cibc World Market Inc. raised its holdings in shares of TELUS International (Cda) by 0.8% in the first quarter. Cibc World Market Inc. now owns 88,458 shares of the company’s stock valued at $2,186,000 after purchasing an additional 728 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in TELUS International (Cda) by 39.8% during the first quarter. Canada Pension Plan Investment Board now owns 71,700 shares of the company’s stock valued at $1,774,000 after buying an additional 20,400 shares during the period. Institutional investors own 59.55% of the company’s stock.

About TELUS International (Cda)

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.