NEW YORK: Shares of Xerox Corp (NYSE:XRX) have been given an average rating of “Hold” by the ten ratings firms that are covering the company, Analyst Ratings Net reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $12.43.
Xerox Corp (NYSE:XRX) traded down 0.49% during mid-day trading on Monday, hitting $10.08. 14,288,020 shares of the stock traded hands. The stock has a 50-day moving average price of $9.95 and a 200-day moving average price of $10.64. Xerox Corp has a 12 month low of $9.17 and a 12 month high of $14.36. The stock has a market cap of $10.21 billion and a P/E ratio of 32.83.
Xerox Corp (NYSE:XRX) last issued its quarterly earnings data on Monday, October 26th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company earned $4.30 billion during the quarter, compared to analyst estimates of $4.54 billion. On average, equities analysts forecast that Xerox Corp will post $0.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Thursday, December 31st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Tuesday, December 29th.
Several brokerages have recently commented on XRX. Piper Jaffray reiterated a “buy” rating and set a $15.00 target price on shares of Xerox Corp in a report on Friday, August 28th. BMO Capital Markets reissued a “hold” rating and issued a $12.50 price objective on shares of Xerox Corp in a research report on Sunday, July 26th. JPMorgan Chase & Co. dropped their target price on shares of Xerox Corp to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 28th. Zacks raised shares of Xerox Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 4th. Finally, Brean Capital restated a “buy” rating and issued a $13.20 target price on shares of Xerox Corp in a research note on Monday, July 27th.
Xerox Corporation is engaged in offering business process and document management solutions. The Organization operates through the following sections: Document Technology, Services and Other. The Organization ‘s customers include small and midsize businesses (NYSE:XRX), graphical communications companies, Governmental entities, educational institutions and Fortune 1000 corporate accounts. The Organization ‘s Services section provides two kinds of service offerings: Business Process Outsourcing (BPO) and File Outsourcing (DO). It provides multi-sector offerings, like transaction processing, customer care, finance and accounting, and human resources, along with business concentrated offerings in regions, like transportation, healthcare, financial services, retail and telecommunications. The Organization ‘s Document Technology section comprises financing of these products, together with the related technical service and the sale of supplies and goods.
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