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ECLERX Consensus Forecast

No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
505
Consensus Potential
-233.37%

ECLERX Price Target Potential

BrokerageTargetPotential

ECLERX Targets in FrontPage Forums

1 Users have submitted 1 trade ideas of Rs. 9,240 for ECLERX
100% Bullish
0% Bearish
See buy or sell ideas on FrontPage Forums >>

ECLERX Ratings

Long term ECLERX rating by FrontPage users
1/5 (1 Ratings)

1 ECLERX share price target reports by brokerages below. See what is analyst's view on ECLERX share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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ECLERX Share Price Target

ECLERX Share Price Target - Broker Reports - 2019

3-Aug-19
Price @ Call: 585.25
Target: 505
SELL
We downgrade eClerx to SELL following margin washout and limited growth visibility. eClerx has lost the plot, we cut EPS est. by ~16% and P/E to 9x (vs. 11x) Jun-21E EPS to arrive at TP of Rs 505. We remain cautious on high concentration and stagnation of T-10 accounts, shorter duration projects providing limited visibility and lower quality of revenue mix. We factor USD rev/EPS CAGR of 5.5/-2.3% over FY19-22E. High cash (~25% of Mcap) and dividend yield (4%) will provide some cushion. Company will maintain payout of ~50% of PAT but recent tax on buybacks has curbed the value arbitrage. Risks to our thesis include traction in digital portfolio and increased off shoring.
... Read more
24-May-19
Price @ Call: 931.59
Target: 990
HOLD
eClerx’s business outlook on the revenue front is likely to improve in FY20E led by newer growth areas. However, incremental revenue growth is coming on higher onsite proportion, and upfront investments are required to be made to drive incremental growth. Thus, even as margin seems to have stabilised, there are enough headwinds to ensure no margin upside at least in the near- term. Offshore attrition, which is at its highest level since 2QFY11, also necessitates continuing investments to reduce employee turnover. Consistent share buy-backs (Rs2.6bn at Rs1,500, a huge 62% premium to the CMP, yield of >7%) are likely to arrest further decline in stock price.Downwardly revising our target PE multiple by 13x (14x) given lack of revenue acceleration, we maintain our HOLD recommendation on the stock with a revised Target Price of Rs990 (from Rs1,015 earlier).
... Read more
27-May-19
Price @ Call: 928
Target: 815
SELL
24-May-19
Price @ Call: 931.59
Target: 860
REDUCE
Healthy growth trajectory in managed services and improving deal pipeline are key positives. However, client specific issues in some buckets and limited visibility of margin enhancement levers is expected to keep profitability muted for the next two years. Hence, we have a REDUCE rating on the stock with a revised target price of Rs 860/share (13x FY21E EPS).
... Read more
1-Feb-19
Price @ Call: 1047.75
Target: 910
SELL

ECLERX Share Price Target - Broker Reports - 2018

25-May-18
Price @ Call: 1287.03
Target: 1400
HOLD

ECLERX Share Price Target - Broker Reports - 2017

14-Nov-17
Price @ Call: 1270
Target: 1085
SELL
4-Nov-17
Price @ Call: 1279.65
Target: 1125
SELL
3-Nov-17
Price @ Call: 1279.65
Target: 1329
HOLD
16-Aug-17
Price @ Call: 1285
Target: 1145
SELL
2-Jun-17
Price @ Call: 1290
Target: 1145
SELL
30-May-17
Price @ Call: 1328
Target: 1415
BUY
9-Feb-17
Price @ Call: 1470
Target: 1240
SELL
9-Feb-17
Price @ Call: 1470
Target: 1300
SELL

ECLERX Share Price Target - Broker Reports - 2016

8-Nov-16
Price @ Call: 1508
Target: 1360
SELL
1-Sep-16
Price @ Call: 1633
Target: 1423
SELL
31-Aug-16
Price @ Call: 1633
Target: 1412
SELL
29-Jun-16
Price @ Call: 1457.32
Target: 1570
BUY
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  • ECLERX Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 31,865.23
    Upside Target 21,805.07
    Upside Target 11,744.28
    Pivot1,684.12
    Downside Target 11,623.33
    Downside Target 21,563.17
    Downside Target 31,502.38
  • ECLERX Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 32,097.47
    Upside Target 21,855.33
    Upside Target 11,734.27
    Pivot1,492.13
    Downside Target 11,371.07
    Downside Target 21,128.93
    Downside Target 31,007.87
  • ECLERX Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 31,583.1
    Upside Target 21,454.05
    Upside Target 11,357.1
    Pivot1,228.05
    Downside Target 11,131.1
    Downside Target 21,002.05
    Downside Target 3905.1
  • ECLERX Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 31,805.07
    Upside Target 21,758.86
    Upside Target 11,730.32
    Pivot1,684.12
    Downside Target 11,637.91
    Downside Target 21,609.37
    Downside Target 31,563.17
  • ECLERX Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 31,855.33
    Upside Target 21,716.59
    Upside Target 11,630.88
    Pivot1,492.13
    Downside Target 11,353.39
    Downside Target 21,267.68
    Downside Target 31,128.93
  • ECLERX Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 31,454.05
    Upside Target 21,367.72
    Upside Target 11,314.38
    Pivot1,228.05
    Downside Target 11,141.72
    Downside Target 21,088.38
    Downside Target 31,002.05
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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