DXC Technology (DXC) Price Target Raised to $100.00

DXC Technology (NYSE:DXC) had its price objective increased by equities researchers at Deutsche Bank from $90.00 to $100.00 in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 3.10% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Friday, October 20th. Citigroup increased their target price on DXC Technology to $107.00 in a research report on Wednesday, November 8th. Barclays increased their target price on DXC Technology from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, November 21st. KeyCorp increased their target price on DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a research report on Tuesday, January 9th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $93.00 target price on shares of DXC Technology in a research report on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $102.94.

DXC Technology (NYSE DXC) traded up $5.07 during trading hours on Friday, reaching $96.99. The company had a trading volume of 3,536,966 shares, compared to its average volume of 1,550,000. The firm has a market capitalization of $26,220.00 and a price-to-earnings ratio of 155.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. DXC Technology has a fifty-two week low of $64.06 and a fifty-two week high of $102.95.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.16. The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.19 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The firm’s revenue for the quarter was up 222.7% compared to the same quarter last year. sell-side analysts anticipate that DXC Technology will post 7.52 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of DXC. Stuart Chaussee & Associates Inc. bought a new position in shares of DXC Technology during the fourth quarter worth about $100,000. Advisory Services Network LLC bought a new position in shares of DXC Technology during the second quarter worth about $101,000. Calton & Associates Inc. bought a new position in shares of DXC Technology during the fourth quarter worth about $112,000. Cerebellum GP LLC bought a new position in shares of DXC Technology during the fourth quarter worth about $130,000. Finally, Citizens Financial Group Inc. RI raised its position in shares of DXC Technology by 68.2% during the third quarter. Citizens Financial Group Inc. RI now owns 2,172 shares of the company’s stock worth $187,000 after acquiring an additional 881 shares during the last quarter. Institutional investors own 84.73% of the company’s stock.

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About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

Analyst Recommendations for DXC Technology (NYSE:DXC)

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