Zacks: Brokerages Set $11.00 Target Price for Unisys Corp. (NYSE:UIS)
Unisys Corp. (NYSE:UIS) has received a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company.
Brokers have set a one year consensus price objective of $11.00 for the company and are predicting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given Unisys Corp. an industry rank of 88 out of 265 based on the ratings given to its competitors.
A number of research analysts have weighed in on UIS shares. Zacks Investment Research upgraded Unisys Corp. from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a report on Tuesday, August 23rd. SunTrust Banks Inc. started coverage on Unisys Corp. in a report on Tuesday, June 21st. They set a “buy” rating and a $11.00 target price on the stock.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/zacks-brokerages-set-11-00-target-price-for-unisys-corp-nyseuis.html
In other news, Director Nathaniel A. Davis sold 38,200 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $10.43, for a total value of $398,426.00. Following the sale, the director now directly owns 3,654 shares of the company’s stock, valued at approximately $38,111.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of UIS. Stifel Financial Corp bought a new stake in shares of Unisys Corp. during the fourth quarter worth approximately $12,203,000. Acadian Asset Management LLC bought a new stake in shares of Unisys Corp. during the first quarter worth approximately $527,000. Aston Asset Management LLC boosted its stake in shares of Unisys Corp. by 39.5% in the first quarter. Aston Asset Management LLC now owns 90,645 shares of the company’s stock worth $698,000 after buying an additional 25,667 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Unisys Corp. by 18.5% in the first quarter. JPMorgan Chase & Co. now owns 2,140,650 shares of the company’s stock worth $16,483,000 after buying an additional 334,567 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Unisys Corp. by 9.1% in the first quarter. Royce & Associates LP now owns 2,073,820 shares of the company’s stock worth $15,968,000 after buying an additional 172,500 shares in the last quarter.
Shares of Unisys Corp. (NYSE:UIS) remained flat at $9.16 during midday trading on Wednesday. 96,612 shares of the stock traded hands. Unisys Corp. has a 12-month low of $6.72 and a 12-month high of $14.96. The firm’s 50 day moving average is $10.05 and its 200 day moving average is $8.37. The company’s market capitalization is $458.74 million.
Unisys Corp. (NYSE:UIS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $1.42. Unisys Corp. had a negative return on equity of 12.92% and a negative net margin of 0.91%. The company had revenue of $748.90 million for the quarter, compared to the consensus estimate of $683.83 million. During the same quarter in the previous year, the business earned $0.33 EPS. Unisys Corp.’s revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts expect that Unisys Corp. will post ($0.56) EPS for the current fiscal year.
About Unisys Corp.
Unisys Corporation is an information technology (IT) company. The Company operates through two segments. Its Services segment includes cloud and infrastructure services, application services and business process outsourcing services. In cloud and infrastructure services, it helps clients apply cloud and as-a-service delivery models to manage and secure their IT infrastructure and operations.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Unisys Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unisys Corp. and related companies with MarketBeat.com's FREE daily email newsletter.