Zacks: Unisys Co. (UIS) Given $12.00 Consensus Price Target by Brokerages
Unisys Co. (NYSE:UIS) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Unisys’ rating score has declined by 100% in the last three months as a result of a number of analysts’ ratings changes.
Brokerages have set a 1-year consensus price target of $12.00 for the company and are forecasting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Unisys an industry rank of 194 out of 265 based on the ratings given to its competitors.
Several equities analysts recently weighed in on UIS shares. ValuEngine upgraded shares of Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Unisys from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Loop Capital reduced their price target on shares of Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, October 31st.
Unisys (NYSE:UIS) last posted its quarterly earnings results on Monday, October 30th. The information technology services provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.87. The company had revenue of $666.30 million during the quarter, compared to analyst estimates of $637.10 million. Unisys had a negative net margin of 4.30% and a negative return on equity of 5.32%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. equities analysts forecast that Unisys will post 1.32 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UIS. Vanguard Group Inc. lifted its holdings in Unisys by 18.7% during the second quarter. Vanguard Group Inc. now owns 6,715,192 shares of the information technology services provider’s stock valued at $85,954,000 after purchasing an additional 1,058,172 shares during the last quarter. Towle & Co. lifted its holdings in Unisys by 31.0% during the third quarter. Towle & Co. now owns 2,976,222 shares of the information technology services provider’s stock valued at $25,298,000 after purchasing an additional 704,306 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Unisys by 35.6% during the second quarter. Alliancebernstein L.P. now owns 2,400,663 shares of the information technology services provider’s stock valued at $30,728,000 after purchasing an additional 629,880 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in Unisys by 50.7% during the third quarter. Neuberger Berman Group LLC now owns 1,496,334 shares of the information technology services provider’s stock valued at $12,719,000 after purchasing an additional 503,443 shares during the last quarter. Finally, Fairpointe Capital LLC lifted its holdings in Unisys by 3.9% during the second quarter. Fairpointe Capital LLC now owns 6,021,503 shares of the information technology services provider’s stock valued at $77,075,000 after purchasing an additional 228,358 shares during the last quarter.
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Unisys Company Profile
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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