Xerox (XRX) Had Its Target Price Downgraded by at Morgan Stanley to $32.00; Xerox (XRX)’s Sentiment Is 1.22

June 19, 2017 - By Louis Casey

Xerox Corporation is engaged in imaging, business process, analytics, automation and user-centric insights. The company has market cap of $7.43 billion. The Company’s divisions include Services, Document Technology and Other. It has a 70.17 P/E ratio. The Company’s Services segment includes service offerings, such as BPO and Document Outsourcing .

Among 10 analysts covering Xerox Corporation (NYSE:XRX), 7 have Buy rating, 2 Sell and 1 Hold. Therefore 70% are positive. Xerox Corporation has $32 highest and $8 lowest target. $14.21’s average target is -50.14% below currents $28.5 stock price. Xerox Corporation had 22 analyst reports since July 28, 2015 according to SRatingsIntel. As per Monday, November 7, the company rating was downgraded by Morgan Stanley. The firm earned “Outperform” rating on Tuesday, January 3 by Credit Suisse. The rating was upgraded by TheStreet to “Buy” on Monday, August 17. On Wednesday, September 2 the stock rating was downgraded by Zacks to “Sell”. Goldman Sachs initiated the shares of XRX in report on Tuesday, December 1 with “Neutral” rating. The firm earned “Overweight” rating on Tuesday, January 3 by JP Morgan. The firm earned “Equal-Weight” rating on Tuesday, April 26 by Morgan Stanley. Zacks upgraded the stock to “Sell” rating in Wednesday, August 12 report. JP Morgan maintained Xerox Corp (NYSE:XRX) rating on Tuesday, April 26. JP Morgan has “Neutral” rating and $11 target. The stock of Xerox Corp (NYSE:XRX) has “Hold” rating given on Tuesday, April 26 by Brean Capital.

Icahn Carl C holds 3.86% of its portfolio in Xerox Corp for 99.03 million shares. Valueworks Llc owns 551,184 shares or 3.79% of their US portfolio. Moreover, Community Financial Services Group Llc has 2.02% invested in the company for 490,046 shares. The California-based Tensile Capital Management Llc has invested 2.01% in the stock. Nine Chapters Capital Management Llc, a New Jersey-based fund reported 125,400 shares.

Ratings analysis reveals 75% of Xerox’s analysts are positive. Out of 4 Wall Street analysts rating Xerox, 3 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. XRX was included in 4 notes of analysts from September 13, 2016. The firm earned “Buy” rating on Tuesday, September 13 by SunTrust. Goldman Sachs upgraded Xerox Corp (NYSE:XRX) on Tuesday, January 10 to “Buy” rating. Morgan Stanley downgraded Xerox Corp (NYSE:XRX) on Monday, November 7 to “Underweight” rating. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, January 3.

The stock increased 2.55% or $0.71 on June 16, reaching $28.5. About shares traded. Xerox Corp (XRX) has risen 17.43% since June 19, 2016 and is uptrending. It has outperformed by 0.73% the S&P500.

Analysts await Xerox Corp (NYSE:XRX) to report earnings on August, 4. They expect $0.21 earnings per share, down 30.00% or $0.09 from last year’s $0.3 per share. XRX’s profit will be $54.75 million for 33.93 P/E if the $0.21 EPS becomes a reality. After $0.15 actual earnings per share reported by Xerox Corp for the previous quarter, Wall Street now forecasts 40.00% EPS growth.

Analysts await Xerox Corp (NYSE:XRX) to report earnings on August, 4. They expect $0.21 EPS, down 30.00% or $0.09 from last year’s $0.3 per share. XRX’s profit will be $54.75M for 33.93 P/E if the $0.21 EPS becomes a reality. After $0.15 actual EPS reported by Xerox Corp for the previous quarter, Wall Street now forecasts 40.00% EPS growth.

Xerox Corporation is engaged in imaging, business process, analytics, automation and user-centric insights. The company has market cap of $7.43 billion. The Company’s divisions include Services, Document Technology and Other. It has a 70.17 P/E ratio. The Company’s Services segment includes service offerings, such as BPO and Document Outsourcing .

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