Conduent (CNDT) Set to Announce Earnings on Wednesday

Conduent (NYSE:CNDT) is scheduled to release its earnings data before the market opens on Wednesday, February 21st. Analysts expect Conduent to post earnings of $0.26 per share for the quarter.

Shares of Conduent (NYSE:CNDT) opened at $15.51 on Wednesday. Conduent has a one year low of $14.66 and a one year high of $18.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $3,260.00 and a price-to-earnings ratio of -3.21.

Several brokerages recently commented on CNDT. SunTrust Banks reiterated a “buy” rating and set a $20.00 price target on shares of Conduent in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Conduent from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. BMO Capital Markets cut their price target on shares of Conduent from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday, November 9th. BidaskClub upgraded shares of Conduent from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, Cross Research upgraded shares of Conduent from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Conduent presently has a consensus rating of “Hold” and an average target price of $19.60.

An institutional investor recently raised its position in Conduent stock. The Manufacturers Life Insurance Company raised its holdings in Conduent Inc (NYSE:CNDT) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,463 shares of the company’s stock after purchasing an additional 527 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Conduent were worth $135,000 as of its most recent filing with the SEC. 89.97% of the stock is owned by institutional investors and hedge funds.

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Conduent Company Profile

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).

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