Published: Wed, January 04, 2017
Economy | By Melissa Porter

Analysts showing optimistic trends for: Xerox Corporation (NYSE:XRX)

Analysts showing optimistic trends for: Xerox Corporation (NYSE:XRX)

Xerox Corporation now has an average rating of "Hold" and a consensus price target of $11.05. The difference between the expected and actual EPS was $0/share, which represents an Earnings surprise of 0%. The price-earnings ratio (P/E Ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. Macquarie Group Ltd. now owns 67,253,384 shares of the company's stock valued at $638,235,000 after buying an additional 4,645,879 shares during the last quarter.

Xerox Corporation has a 50 day moving average of 9.27 and a 200 day moving average of 9.62. Xerox Corporation got Downgrade on 7-Nov-16 where investment firm Morgan Stanley Downgrade the stock from Equal-Weight to Underweight.

Xerox Corp. (NYSE:XRX) Chairman Ursula M. Burns sold 74,815 shares of the business's stock in a transaction on Thursday, November 3rd.

The 12 analysts offering 12-month price forecasts for Xerox have a median target of 10.75, with a high estimate of 13.00 and a low estimate of 9.25. Xerox Corporation has a 52-week low of $8.48 and a 52-week high of $11.39. Robeco Institutional Asset Management B.V. now owns 1,239,042 shares of the company's stock valued at $12,551,000 after buying an additional 171,720 shares during the last quarter.

To analyze a stock, one should look for Upgrades and Downgrades of a stock. Xerox Corp.'s payout ratio is 50.00%. The Return on Equity (ROE) value stands at 6.7%.

Several hedge funds have recently bought and sold shares of the stock. The Stock now has a Weekly Volatility of 1.55% and Monthly Volatility of 1.94%. Vanguard Group Inc. increased its position in shares of Xerox Corporation by 4.9% in the second quarter. The company said in January that activist investor Carl Icahn would receive three Conduent board seats following the spinoff.

Xerox officially unveiled the name of the business outsourcing company as Conduent in June 2016, a name that reflected its expertise in connecting clients and their constituents through seamless transactions at a massive scale.

Xerox (XRX) announced on Tuesday morning that it has completed the separation of Conduent (CNDT), creating two separate publicly traded companies.

The new Xerox will focus on digital print technology and services, targeting investments in growth areas such as document outsourcing and solutions for small and medium-sized businesses (SMBs).

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