Their average twelve-month price target is $10.00, predicting that the stock has a possible downside of 14.60%. Net cash flow from operations was Rs 88.09 billion which is 109.4% of the net income. Join 40,000 traders and investors. Tata Consultancy Services (TCS) largest IT exporter in India has witnessed strong demand across segments. Additionally, it has consistently maintained its market leadership, best-in-class operational metrics, and high return ratios. 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. 2,150 per share, upside of 5%. The Rs 16,000-crore share buyback programme will close on January 1, 2021. TCS has robust business structure and leadership in the field of IT services and digital transformation. 2,300. Pivot. TCS’s leadership in digital ($6.7bn annualized) are key differentiators. TCS has been the topic of a number of research reports. However, TCS has the ability to bounce back as seen in the 2008 global financial crisis. However weaker IT spending may lower growth momentum. We downgrade our operational earnings estimate by 2-4%. 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. The 49 reports from 14 analysts offering long term price targets for Tata Consultancy … Maintain Neutral. lowest cost/attrition, large agile workforce, early investments in building digital capabilities & strong execution. (2), 0 Robust business structure, leadership in the field of IT services and digital transformation makes TCS a lucrative bet. 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. 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. The average price target is $10.00, with a high forecast of $10.00 and a low forecast of $10.00. On the margin front, we expect EBIT to improve 50-60 bps over FY20/21. The high price target for TCS is $10.00 and the low price target for TCS is $10.00. 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 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. 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. However, we continue to like TCS on account of strength in its business model, consistency, solid execution and strong FCF generation profile. However, the soft outlook for the near term and rich multiples (~23x FY21EPS) should limit the upside in the stock. (5) Strong platform and agile delivery capabilities. We maintain REDUCE on TCS, following a miss on 1Q revenue/margin, offset by improving outlook. 2,400: We have fine-tuned our earnings estimates for FY2020E/FY20121E, factoring in margin headwinds owing to shortage of talents for new-age technologies and reset of USD/ INR rates. At the CMP, the stock is trading at 23x/21x of its FY2021E/ FY2022E earnings, making risk-reward ratio unfavourable when demand is moderating. Our TP is Rs 2,420 at 24x Jun-21E EPS, with ~2% cut in earnings estimates. However weaker IT spending may lower growth momentum. 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. However, the current valuation factors in most of the positives. This price target is based on 1 analysts offering 12 month price targets for The Container Store Group in the last 3 months. We downgrade our earnings estimate by 1.8%/6% for FY20/FY21 due revision in rupee assumption to ` 70 for FY20/FY21 (vs Rs 72/ Rs 74 for FY20/FY21 earlier). See buy or sell ideas on FrontPage Forums >>. 2,150: We have downgraded our earnings estimates for FY2020E/FY20121E, factoring missin revenue and profitability. The strengths of TCS in automation, platforms, a stable workforce, ‘location- independent agile’ methodology, etc help to keep its margins among industry’s best. TCS Share price Target,Tips, Entry and Stoploss for today; Dynamic levels provides share price forecast for 4200 instruments across 93 exchanges and 56 countries in the form of support & resistance levels . 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%. Tecsys Inc. (TCS.TO) shares last traded at $51.11, with a volume of 31,345 shares changing hands. 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. The P/E compression trade between TCS and Infosys will stall as investors grapple with likely margin of Infosys in FY20. (Highest and lowest possible predicted price in a 14 day period) Detailed Trend Components of the Tata Consultancy Services Stock Price Forecast & Prognosis 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). 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). TCS has been the subject […] (2) Ability to stitch together integrated offerings. Why TCS shares are falling or up today? Invested funds as at March 31st stood at Rs 443.11 billion. At CMP of INR 2014, the company is trading at 20.1x FY21E EPS. Buy the dip! In the near term, revenues and margins are expected to be under pressure leading to a wash out FY21E. Free cash flow was Rs 80.68 billion, for the full year it was Rs 323.03 billion, which was 9.4% YoY growth. TCS shares rose near Rs 20 to Rs 2,485 per share levels. (0). 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. 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 … 102.4 per share which gives a target price of Rs. We expect high single-digit CC revenue growth for the company. We are encouraged with margin management in a challenging environment. With the stock trading at over Rs 2,850 per share, the buyback price is now at only a … 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). Valuations at >1SD more than adequately factor in the recovery trajectory, although the improving nearterm visibility could keep the stock price elevated. 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. Hence, we downgrade our rating from Buy to Hold on the stock with a revised PT of Rs. We maintain BUY on TCS following a miss on revenue and an inline margin performance. Over time it is likely the management will rationalize subcontractor costs and replace them with its own lower-cost resources over time. 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. However, TCS has the ability to bounce back as seen in the 2008 global financial crisis. Hence, we stay positive on the stock from a long-term perspective. Continuity in strong deal wins, broad-based growth across verticals (esp. Hence, we maintain our Hold rating on the stock with a PT of Rs. Moreover, management reiterated that faster digital adoption (led by jump in online activity) and transforming of the core will be key structural growth drivers going ahead. Stock is currently trading at 23.1x/ 21.1x FY20E/21E earnings. We assign 21x P/E multiple to its FY21E earnings of Rs. Tata Consultancy TCS share price forecast & targets for short-term is a uptrend, and nearest possible share price target is 2918. 3046 TCS currently trades at a rich multiple of ~23x FY21 EPS. There are currently 1 hold rating for the stock, resulting in a consensus rating of "Hold." The management is also expecting to improve operating margins in forthcoming years. At the CMP, the stock is trading at 22x/20x its FY2020E/FY2021E EPS, which commands an industry-leading PE multiple, given its increasing market share among large peers and industry- leading organic growth prospects. 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. Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TCS shares is $8.00 per share. Ask questions and get answers on live TCS message board. We have estimated 10.1% & 10.3% USD revenue & EPS CAGR respectively for FY19-21E. Thus, we expect the stock to remain subdued in the next quarter owing to below-par revenue performance. core) and geographies are driving double-digit growth. 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. Margin/attrition differential vs. peerset reflects superior execution. 1y Target Est: 44.80: Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. 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. Strong revenue growth outlook despite macro-economic concerns The management is confident of strong growth in FY20 despite macro- economic challenges in the environment. Tecsys Inc. (TCS.TO) shares last traded at $51.11, with a volume of 31,345 shares changing hands. We provide one of the best investment and online trading platforms to our clients which runs on all platforms including web, mobile and so on. PER. Rich multiples (22x FY22E EPS) leave limited upside in the stock, in our view. 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. Improved deal wins, stronger exit rate, broad based growth, robust pipeline & stable pricing environment will help TCS to deliver double digit growth in FY20E. Demand outlook for the medium term remains healthy considering strong deal wins. While the peak of COVID-19-led uncertainty may be behind, near-term negative surprises related to demand, pricing, and collections cannot be ruled out. 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. 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 Target 4. 2306, an upside of 7%. Superior execution justifies rich valuation: TCS is expected to continue delivering strong revenue growth in FY2020E despite high base on account of superior digital capability, strong deal wins in the recent past and ability to stitch large transformational deals. We, therefore, lower our EBIT margin estimate for FY20 by 110bps to 24.8%. These strong weekly/monthly levels gives you a valuable share price forecast for TCS for today. Updated: 05 Jan 2021, 02:27 PM IST Clifford Alvares. 3,040 +111.75 (3.82%) Updated 03:29 04/01 IST. 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%). ( 11436 ), 0 They advised stock market investors to buy TCS shares at around Rs 2400 for the target of Rs 2,700 in next three months. Soft Revenue Growth on Weak BFSI; 2Q Critical to Achieve Double-digit Growth. However, we continue to like TCS on account of strength in its business model, consistency, solid execution and strong FCF generation profile. Open a Demat account, easy & convenient, no stamp duty, reduced paper work and experience fast, secure and seamless trading. Valuations are stretched; Maintain Hold with a PT of Rs. The parallels to GFC are apparent (similar trajectory expected in 1HFY21), although this will be more broadbased. 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. Outlook & Valuation: TCS is seeing good traction in digital space despite weakness in BFSI segment and the management is confident of continuing its medium term growth path on the back of a strong deal pipeline. 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. Nevertheless, TCS should be able to better navigate through these challenges (v/s the rest of the industry). Tata Consultancy Services Ltd. ICICI Direct has buy call on Tata Consultancy Services Ltd. with a target price of Rs 3410. 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. 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. TCS Share Price: Tata Consultancy Services or TCS shares have gone up by around 1 per cent after the opening bell sounded today. The share price is currently trading at 2862.75. 2,400, given its increasingmarket share and lower attrition rate industrywide. We have given an exit multiple of 23x to arrive at a target price of INR 2323 which is an upside of 15%. Nonetheless, strong TCV wins and deep participation in clients’ digital transformation journeys are likely to TCS remains one of the growth leaders in the Indian IT sector, even as this leads to potentially longer sales cycles. We apply a P/E multiple of 24.3x to the FY20 estimated EPS of INR 92 to arrive at a target price of INR 2236 per share, an upside of 5.8% over last close. 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. 2,300. TCS Buy or Sell - FrontPage Forums. Initiate payout through Back office by 8.30am and within 6.30pm funds will be credited to client's bank account. 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. To know more you’ll have to experience our services. Tecsys Inc. (TCS.TO) (TSE:TCS)’s stock price passed above its fifty day moving average during trading on Wednesday . ( 0 ), 3032.8 But within this stance we prefer TCS followed by Infosys and HCLT over the next 12-24 months. However, margins are likely to recover to an extent because of normalization of utilization. Maintain ‘BUY’ with TP of INR2,310. TCS’ estimation of recovery in 3Q-4QFY21 is a steep ask in context of 1HFY21 decline, but premised on its order-book and pipeline. 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