Zacks: Analysts Set $12.00 Target Price for Unisys Corporation (UIS)
Unisys Corporation (NYSE:UIS) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Unisys Corporation’s rating score has declined by 100% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a 1 year consensus price objective of $12.00 for the company and are forecasting that the company will post $0.37 earnings per share for the current quarter, according to Zacks. Zacks has also given Unisys Corporation an industry rank of 103 out of 265 based on the ratings given to related companies.
A number of brokerages have commented on UIS. Loop Capital decreased their price target on shares of Unisys Corporation from $12.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Unisys Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine raised shares of Unisys Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. BidaskClub raised shares of Unisys Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, SunTrust Banks, Inc. set a $15.00 price objective on shares of Unisys Corporation and gave the stock a “buy” rating in a report on Wednesday, August 2nd.
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Shares of Unisys Corporation (UIS) traded down $0.25 during mid-day trading on Tuesday, reaching $7.50. 924,500 shares of the company’s stock were exchanged, compared to its average volume of 727,567. The company has a market cap of $391.17, a price-to-earnings ratio of 6.35 and a beta of 1.91. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of -0.38. Unisys Corporation has a fifty-two week low of $6.90 and a fifty-two week high of $16.70.
Unisys Corporation (NYSE:UIS) last announced its quarterly earnings results on Monday, October 30th. The information technology services provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.87. The business had revenue of $666.30 million during the quarter, compared to analyst estimates of $637.10 million. Unisys Corporation had a negative net margin of 4.30% and a negative return on equity of 5.32%. Unisys Corporation’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. research analysts anticipate that Unisys Corporation will post 1.39 EPS for the current year.
About Unisys Corporation
Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.
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