Xerox Corp Given Average Recommendation of “Hold” by Analysts (NYSE:XRX)

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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 Рfrom small businesses to large global enterprises Рto 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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