Conduent Inc (CNDT) Research Coverage Started at Cowen and Company
Investment analysts at Cowen and Company began coverage on shares of Conduent Inc (NASDAQ:CNDT) in a research report issued on Friday. The brokerage set a “market perform” rating and a $18.00 price target on the stock. Cowen and Company’s price objective would suggest a potential upside of 8.11% from the stock’s current price.
CNDT has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Conduent from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Friday, April 28th. Citigroup Inc began coverage on shares of Conduent in a research report on Thursday, January 26th. They set a “buy” rating and a $17.00 target price on the stock. Finally, BMO Capital Markets restated a “hold” rating and set a $14.00 target price on shares of Conduent in a research report on Friday, February 17th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.71.
Conduent (NASDAQ:CNDT) last issued its quarterly earnings results on Wednesday, May 10th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. The company’s revenue for the quarter was down 7.8% on a year-over-year basis.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/05/20/conduent-inc-cndt-research-coverage-started-at-cowen-and-company.html.
An institutional investor recently bought a new position in Conduent stock. Community Financial Services Group LLC purchased a new position in shares of Conduent Inc (NASDAQ:CNDT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,063 shares of the company’s stock, valued at approximately $202,000.
Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).
Receive News & Ratings for Conduent Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent Inc and related companies with MarketBeat.com's FREE daily email newsletter.