Unisys Corp. Stock Rating Reaffirmed by Zacks (UIS)
Unisys Corp. (NYSE:UIS)‘s stock had its “neutral” rating reiterated by Zacks in a report issued on Wednesday, AmericanBankingNews.com reports. They currently have a $27.00 price target on the stock. Zacks‘ price target suggests a potential upside of 3.45% from the company’s current price.
Zacks‘ analyst wrote, “Unisys reported dismal third quarter 2013 results with a year-over-year decline in revenues and earnings. Adjusted earnings in the reported quarter also fell way short of the Zacks Consensus Estimate. Unisys is restructuring its business to improve profitability in the long run. At the same time, Unisys is focusing more to build specialized industry skills and resources required to win industry-specific project opportunities to improve its revenues. However, stiff competition, foreign currency exposure, and continued pension obligations could drag down its profitability in the coming quarters as well. Nevertheless, we maintain our long-term Neutral recommendation for the stock. “
Separately, analysts at Sidoti initiated coverage on shares of Unisys Corp. in a research note to investors on Monday, August 19th. They set a “buy” rating on the stock.
Unisys Corp. (NYSE:UIS) traded down 4.30% during mid-day trading on Wednesday, hitting $24.9781. The stock had a trading volume of 1,142,769 shares. Unisys Corp. has a one year low of $15.04 and a one year high of $28.25. The stock has a 50-day moving average of $25.29 and a 200-day moving average of $22.40. The company has a market cap of $1.090 billion and a P/E ratio of 20.52.
Unisys Corp. (NYSE:UIS) last released its earnings data on Tuesday, October 22nd. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.15. The company had revenue of $792.10 million for the quarter, compared to the consensus estimate of $854.13 million. During the same quarter last year, the company posted $0.85 earnings per share. Unisys Corp.’s revenue was down 9.7% compared to the same quarter last year. On average, analysts predict that Unisys Corp. will post $1.56 earnings per share for the current fiscal year.
Unisys Corporation is a worldwide information technology (NYSE:UIS) company.
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