Xerox Corp. Rating Reiterated by Deutsche Bank (XRX)
Xerox Corp. (NYSE:XRX)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a report released on Friday, ARN reports. They currently have a $9.00 price target on the stock. Deutsche Bank’s price target would indicate a potential downside of 6.35% from the stock’s previous close.
Shares of Xerox Corp. (NYSE:XRX) traded up 0.57% during mid-day trading on Friday, hitting $9.665. The stock had a trading volume of 13,032,620 shares. Xerox Corp. has a 52 week low of $6.10 and a 52 week high of $10.55. The stock’s 50-day moving average is $10.04 and its 200-day moving average is $9.19. The company has a market cap of $11.912 billion and a P/E ratio of 10.55.
Xerox Corp. (NYSE:XRX) last announced its earnings results on Thursday, October 24th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 31st. Investors 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 2.39%. The ex-dividend date is Friday, December 27th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Xerox Corp. in a research note to investors on Friday. They now have a $10.00 price target on the stock. Separately, analysts at Brean Capital reiterated a “buy” rating on shares of Xerox Corp. in a research note to investors on Monday. Finally, analysts at Brean Capital raised their price target on shares of Xerox Corp. from $11.40 to $12.50 in a research note to investors on Tuesday, September 24th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Xerox Corp. presently has an average rating of “Hold” and an average price target of $10.57.
Xerox Corporation,provides a portfolio of business process and information technology (NYSE:XRX) outsourcing support, document technology and solutions.
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