Unisys Corp. Rating Reiterated by Zacks (UIS)
Unisys Corp. (NYSE:UIS)‘s stock had its “neutral” rating restated by Zacks in a report released on Friday, AnalystRatingsNetwork.com reports. They currently have a $35.00 price target on the stock. Zacks‘ price target suggests a potential upside of 5.71% from the company’s current price.
Zacks‘ analyst wrote, “Unisys reported modest fourth quarter 2013 results with a year-over-year increase in revenues and earnings. 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. To drive future growth, Unisys is also focusing its resources and investments in targeted high-potential market areas. However, stiff competition, foreign currency exposure, and continued pension obligations could drag down its profitability in the coming quarters. Nevertheless, we maintain our long-term Neutral recommendation for the stock. “
In other Unisys Corp. news, SVP Dominick Cavuoto sold 60,015 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $32.53, for a total value of $1,952,287.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Unisys Corp. (NYSE:UIS) traded up 0.48% during mid-day trading on Friday, hitting $33.27. The stock had a trading volume of 186,814 shares. Unisys Corp. has a 52 week low of $15.68 and a 52 week high of $35.40. The stock has a 50-day moving average of $32.40 and a 200-day moving average of $28.17. The company has a market cap of $1.462 billion and a price-to-earnings ratio of 15.92.
Unisys Corp. (NYSE:UIS) last posted its quarterly earnings results on Friday, January 31st. The company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $1.31. The company had revenue of $996.00 million for the quarter, compared to the consensus estimate of $934.30 million. Analysts expect that Unisys Corp. will post $3.17 EPS for the current fiscal year.
Separately, analysts at Susquehanna downgraded shares of Unisys Corp. from a “positive” rating to a “neutral” rating in a research note on Friday, January 10th. They now have a $30.00 price target on the stock.
Unisys Corporation is a worldwide information technology (NYSE:UIS) company.
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