Stock Price Updates: Xerox Corp (NYSE:XRX)

Xerox Corp (NYSE:XRX) shares traded -1.81% during the most recent session the stock exchanged hands 6.79M shares versus average trading capacity of 8.58M shares, yielding a market cap of $7.25B. Wall Street analysts covering the stock are projecting that the stock will reach $8.38 within the next 52-weeks. The mean target projections are based on 8 opinions, the mean target was last revised on 04/26/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Xerox Corp (NYSE:XRX) high price target of $9.50 and with a conservative view have low price target of $7.00 with a standard deviation of $1.19. If seeing target price from optimistic overview then it has a 35 percent upside potential from the latest closing price of $7.06.

Xerox Corp (NYSE:XRX) received “Upgrade” rating by Morgan Stanley in a research note issued to investors on Jan-12-17 from Underweight to Overweight.

Additionally on Jan-10-17 Xerox Corp (NYSE:XRX) was “Upgraded” by Goldman from Neutral to Buy and on Jan-03-17 the stock was “Upgraded” by Credit Suisse from Neutral to Outperform. Furthermore on Nov-07-16 the stock was “Downgraded” by Morgan Stanley from Equal-Weight to Underweight.

On the other hand the company has Relative Strength Index (RSI 14) of 47.37 along with Average True Range (ATR 14) of 0.15, Consequently Xerox Corp (NYSE:XRX) weekly and monthly volatility is 3.17%, 1.93% respectively. The company’s beta value is at 1.26.

In terms of Buy, Sell or Hold recommendations, Xerox Corp (NYSE:XRX) has an analysts’ mean recommendation of 2.10. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Xerox Corp (NYSE:XRX) will report earnings of $0.21 for the current quarter, however the company’s high EPS estimates are $0.22 and low estimates are $0.19. However the company reported $0.3 earnings per share for the same quarter during last year.

Previously Xerox Corp (NYSE:XRX) reported $0.15 earnings per share (EPS) for the quarter on 4/25/2017 Before Market Open, missing the consensus estimate of $0.16 by -$0.01. The company posted an earnings surprise of -6.25%.

While considering growth estimates of the company, it has next quarter growth estimates of -22.20% whereas during current quarter it has -30.00% estimations over growth, comparing to the estimations of -5.70% during current year and 4.80% for next year. Past 5 years growth of Xerox Corp (NYSE:XRX) observed at -0.11%, looking forward for the next 5 years it has a strong prediction of -1.35% over growth.

Xerox Corp (NYSE:XRX) revenue estimates for the current quarter are $2.61B according to 5 number of analysts, for the current quarter the company has high revenue estimates of $2.66B in contradiction of low revenue estimates of $2.57B. For the current year the company’s revenue estimates are $10.15B compared to low analyst estimates of $10.01B and high estimates of $10.26B according 8 number of analysts.

Currently Xerox Corp (NYSE:XRX) shares owned by insiders are 0.40%, whereas shares owned by institutional owners are 85.70%. However the six-month change in the insider ownership was recorded -3.00%, as well as three-month change in the institutional ownership was recorded -0.15%.

Xerox Corp (NYSE:XRX) trading -7.40% away from its 52 week high of $7.62 and +24.42% far from the stock’s low point over the past 52 weeks, which was $5.67. The stock hit its 52-week high on 02/24/17, and 52-week low on 12/29/16. The company’s trailing twelve month income is 547.00M dollars and is paying 3.54% dividend yield annually.

Xerox Corp (NYSE:XRX) trailing twelve month revenues are $10.61B, whereas its price to sales ratio for the same period is 0.67. Its book value per share for the most recent quarter is $4.85 while its price to book ratio for the same period is 1.46, as for as the company’s cash per share for the most recent quarter is $1.04, however its price to cash per share ratio for the same period is 6.80. The stock has a current PEG ratio of -77.36 where as its trailing twelve month P/E ratio is 13.07.

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