SunTrust Banks, Inc. started coverage on Xerox Corporation in a research report on Tuesday, September 13th.
When it comes to the Analysis of a Stock, Price Target plays a vital role. The corporation holds 37.38 million outstanding shares and its 31.10 million shares were floated in the market. Vetr lowered shares of Xerox Corp. from a "strong-buy" rating to a "buy" rating and set a $10.47 target price for the company.in a research note on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to First Call, the consensus price target for the company is $10.89. It remains to be seen if the new Xerox, which continues to trade under XRX, will get some reprieve from the spinoff. Currently, the company has SMA200 (200-day simple moving average) of -9.42 Percent. The company has a 52-week high of $11.39 and a 52-week low of the share price is $8.48. For the current quarter the company has high EPS estimates of $0.34 in contradiction of low EPS estimates of $0.32. Xerox Corporation had a net margin of 3.74% and a return on equity of 12.62%. Analysts rating the company a 4 or 5 indicate a Sell recommendation. For the next 5 years, Xerox Corporation is expecting Growth of 3% per annum, whereas in the past 5 years the growth was -0.91% per annum. During the same period in the previous year, the business posted $0.24 EPS. Now shares have been rated as "Buy" from 1 Analysts. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.55%. Xerox Corporation's payout ratio is 50.00%.
Credit Suisse Group AG Tuesday upgraded Xerox stock to outperform from neutral; JP Morgan Chase & Co. upgraded the business to overweight from neutral. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of global copyright and trademark legislation. Stock monthly performance is recorded as -5.84% while its performance in last one week is -3.11%. After the session opened at $63.14, the stock's price hit the top of $ 63.99 while it touched a low of $ 61.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The shares were sold at an average price of $9.51, for a total transaction of $711,490.65. Nisa Investment Advisors LLC increased its stake in Xerox Corporation by 14.1% in the second quarter. These analysts have also projected a Low Estimate of $0.31/share and a High Estimate of $0.34/share. They set a "buy" rating and a $13.00 target price for the company. Robeco Institutional Asset Management B.V. raised its position in Xerox Corp.by 16.1% in the third quarter. Finally, CIBC World Markets Inc. purchased a new stake in Xerox Corporation during the second quarter worth approximately $101,000.
In the end, it seems there's little not to like about this spinoff for Xerox shareholders since it positions the company well both financially and from a business standpoint to capitalize on its core growth opportunities.