Stock trading actively: Xerox Corporation (XRX)

Tammy Harvey
May 18, 2017

Additionally on 1/10/17 Goldman Sachs "Upgrades" Xerox Corp (NYSE:XRX) to Buy setting price target at $8.5 and on 1/03/17 JP Morgan "Assumes" the stock to Overweight at $0.

In other Xerox Corp news, insider Yehia Abouelmaaty Omar sold 29,375 shares of Xerox Corp stock in a transaction on Monday, May 1st.

On the last trading day, Xerox Corporation (XRX) lost -0.14% closing at the price of $7.14 while the previous close of XRX was $7.15.

The price/earnings ratio (P/E) is 13.22 and the forward P/E ratio stands at 8.19. Finally, Morgan Stanley decreased their target price on Xerox Corp from $8.50 to $8.00 and set an "overweight" rating for the company in a research report on Wednesday, April 26th. The Nine Chapters Capital Management Llc holds 125,400 shares with $1.10M value, up from 14,700 last quarter. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $9.16. This Beta value of Xerox Corporation (XRX) shows that it has historically moved 128% for every 100% move in the benchmark.

Currently, the market capitalization of Xerox Corporation (XRX) is 7.26 Billion. If we take a longer approach, shares have been trading 7.58% away from the 200-day moving average. The Company has 52-week high of $7.62 and 52-week low of $5.68. Comparatively, Xerox Corporation posted earnings of $0.28 per share in the same quarter previous year. The information technology services provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.01.

Xerox Corporation (XRX) is expected to post revenue of $2.61 Billion in the current quarter, according to consensus of 5 analysts. The Firm is engaged in the business of contract drilling for companies primarily involved in mining and mineral exploration. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.87 earnings per share.


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The company also recently announced a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Friday, March 31st were issued a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.50%. Xerox Corp's dividend payout ratio is 59.62%. The shares were sold at an average price of $7.09, for a total value of $208,268.75. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The score is named after its developer Joseph Piotroski who created a ranking scale from 0-9 to help determine the financial strength of a company. Kentucky Retirement Systems purchased a new stake in Xerox Corp during the fourth quarter worth about $539,000.

Out of the important value indicator of stocks, EPS growth rate is most important and it will depend on the stock, the industry and the interest rates.

The Stock now has a consensus recommendation of 2.30. Dimensional Fund Advisors LP now owns 16,726,444 shares of the information technology services provider's stock valued at $122,775,000 after buying an additional 3,341,049 shares in the last quarter. Finally, Credit Suisse Group AG reiterated a "buy" rating and issued a $8.00 price target on shares of Xerox Corp in a research note on Friday, March 31st. The Covey Capital Advisors Llc holds 155,132 shares with $2.39 million value, up from 117,532 last quarter. What may go somewhat undetected is the slow and steady rise or fall of a particular stock.

Cypress Semiconductor Corporation (CY) closed business day at $13.64 with 1.41%.

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