DXC Technology (DXC) Receives Consensus Rating of “Buy” from Analysts

DXC Technology (NYSE:DXC) has earned an average recommendation of “Buy” from the nineteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $103.53.

Several research firms have commented on DXC. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Tuesday. Deutsche Bank boosted their price target on shares of DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. BMO Capital Markets boosted their price target on shares of DXC Technology from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Morgan Stanley boosted their price target on shares of DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Finally, Royal Bank of Canada boosted their price target on shares of DXC Technology from $87.00 to $99.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th.

Hedge funds have recently modified their holdings of the stock. Stuart Chaussee & Associates Inc. acquired a new position in shares of DXC Technology during the fourth quarter worth $100,000. Calton & Associates Inc. acquired a new position in shares of DXC Technology during the fourth quarter worth $112,000. Financial Gravity Companies Inc. acquired a new position in shares of DXC Technology during the fourth quarter worth $130,000. Advisory Services Network LLC acquired a new position in shares of DXC Technology during the second quarter worth $101,000. Finally, Cerebellum GP LLC acquired a new position in shares of DXC Technology during the fourth quarter worth $130,000. Hedge funds and other institutional investors own 84.62% of the company’s stock.

DXC Technology (DXC) traded up $2.90 during trading on Wednesday, reaching $100.14. 2,752,248 shares of the company traded hands, compared to its average volume of 1,720,434. The firm has a market cap of $27,780.00 and a P/E ratio of 32.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.99 and a quick ratio of 1.00. DXC Technology has a 12-month low of $67.76 and a 12-month high of $102.95.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.16. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.19 billion. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The business’s revenue for the quarter was up 222.7% on a year-over-year basis. research analysts predict that DXC Technology will post 7.83 earnings per share for the current year.

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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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