Zacks: Unisys Co. (UIS) Given $12.00 Consensus Target Price by Analysts

Shares of Unisys Co. (NYSE:UIS) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Unisys’ rating score has declined by 100% from three months ago as a result of a number of analysts’ ratings changes.

Brokers have set a one year consensus price objective of $12.00 for the company and are predicting 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.

UIS has been the subject of a number of research analyst reports. ValuEngine raised shares of Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of Unisys from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Loop Capital cut their target price 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) opened at $8.95 on Friday. The firm has a market cap of $449.21, a price-to-earnings ratio of -3.87 and a beta of 1.86. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of -0.38. Unisys has a 52-week low of $6.90 and a 52-week high of $15.15.

Unisys (NYSE:UIS) last released its earnings results on Monday, October 30th. The information technology services provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.87. The firm 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 business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. equities analysts expect that Unisys will post 1.32 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of Unisys by 22.2% during the second quarter. Ameriprise Financial Inc. now owns 430,428 shares of the information technology services provider’s stock valued at $5,521,000 after buying an additional 78,259 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 buying an additional 1,058,172 shares during the last quarter. First Heartland Consultants Inc. raised its position in shares of Unisys by 24.8% during the third quarter. First Heartland Consultants Inc. now owns 116,700 shares of the information technology services provider’s stock valued at $992,000 after buying an additional 23,200 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of 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 buying an additional 503,443 shares during the last quarter. Finally, Adams Asset Advisors LLC raised its position in shares of Unisys by 98.9% during the third quarter. Adams Asset Advisors LLC now owns 144,387 shares of the information technology services provider’s stock valued at $1,227,000 after buying an additional 71,794 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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