Xerox Corp (NYSE:XRX) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, Analyst Ratings News reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $14.89.
Shares of Xerox Corp (NYSE:XRX) traded down 1.49% during mid-day trading on Wednesday, hitting $11.27. 1,495,202 shares of the company’s stock traded hands. Xerox Corp has a 1-year low of $11.12 and a 1-year high of $14.36. The stock’s 50-day moving average is $12. and its 200-day moving average is $13.. The company has a market cap of $12.42 billion and a price-to-earnings ratio of 14.71.
Xerox Corp (NYSE:XRX) last announced its earnings results on Friday, April 24th. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.21. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, analysts predict that Xerox Corp will post $0.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, June 26th.
A number of analysts have recently weighed in on XRX shares. Analysts at TheStreet downgraded shares of Xerox Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 21st. Analysts at Zacks upgraded shares of Xerox Corp from a “sell” rating to a “hold” rating in a research note on Monday, May 11th. Analysts at Tigress Financial downgraded shares of Xerox Corp from a “neutral” rating to an “underperform” rating in a research note on Friday, May 8th. Finally, analysts at Citigroup Inc. lowered their price target on shares of Xerox Corp from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, April 27th.
Xerox Corporation is engaged in providing document technology and services. The Company provides services, technology and expertise to enable its customers – from small businesses to large global enterprises – to focus on their core business and operate effectively. The Company’s customers range from small and mid-sized businesses to large enterprises.
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