Xerox Corp. Sets New 1-Year High at $11.15 (XRX)
Xerox Corp. (NYSE:XRX) set a new 52-week high during mid-day trading on Monday, AmericanBankingNews.com reports. The stock traded as high as $11.15 and last traded at $11.00, with a volume of 10,718,170 shares. The stock had previously closed at $10.91.
XRX has been the subject of a number of recent research reports. Analysts at Brean Capital reiterated a “buy” rating on shares of Xerox Corp. in a research note to investors on Monday. Finally, analysts at Deutsche Bank raised their price target on shares of Xerox Corp. from $7.00 to $9.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.57.
Xerox Corp. has a 52-week low of $6.10 and a 52-week high of $10.92. The stock’s 50-day moving average is $10.35 and its 200-day moving average is $9.53. The company has a market cap of $13.570 billion and a P/E ratio of 11.98.
Xerox Corp. (NYSE:XRX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.03. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the company posted $0.26 earnings per share. Xerox Corp.’s revenue was up .6% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.06 per share. This represents a $0.23 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, December 27th.
Xerox Corporation,provides a portfolio of business process and information technology (NYSE:XRX) outsourcing support, document technology and solutions.
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