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.

Analyst Recommendations for Conduent (NASDAQ:CNDT)

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.

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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.

About Conduent

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).

12 Month Chart for NASDAQ:CNDT

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