Xerox Corp Reaches New 12-Month High at $13.63 (XRX)
Xerox Corp (NYSE:XRX)’s share price reached a new 52-week high on Thursday , StockRatingsNetwork reports. The company traded as high as $13.63 and last traded at $13.60, with a volume of 1,975,010 shares traded. The stock had previously closed at $13.54.
XRX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Xerox Corp in a research note on Friday, August 1st. They now have a $14.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of Xerox Corp from $14.00 to $16.50 in a research note on Monday, July 28th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Xerox Corp from an “underweight” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $14.00 price target on the stock, up previously from $13.00. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.56.
The stock’s 50-day moving average is $12.97 and its 200-day moving average is $11.92. The company has a market cap of $15.677 billion and a price-to-earnings ratio of 14.75.
Xerox Corp (NYSE:XRX) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.01. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter last year, the company posted $0.27 earnings per share. Xerox Corp’s revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that Xerox Corp will post $1.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, September 26th.
In other Xerox Corp news, EVP Robert K. Zapfel purchased 40,000 shares of Xerox Corp stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $12.94 per share, for a total transaction of $517,600.00. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Xerox Corporationprovides services and technology to enable its customers from small businesses to large global enterprises to focus on their core business.
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