Xerox (NYSE:XRX) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Xerox (NYSE:XRX – Get Rating) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the information technology services provider’s stock.

Other analysts have also issued research reports about the company. Loop Capital lifted their price objective on Xerox from $15.00 to $17.00 in a report on Monday, January 30th. TheStreet raised Xerox from a “d+” rating to a “c-” rating in a report on Wednesday, February 1st. Four equities research analysts have rated the stock with a sell rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $13.00.

Xerox Stock Performance

Shares of NYSE XRX opened at $15.00 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $16.53 and its two-hundred day moving average is $15.68. The company has a market cap of $2.35 billion, a P/E ratio of -6.91 and a beta of 1.68. Xerox has a 12 month low of $11.80 and a 12 month high of $20.99.

Xerox (NYSE:XRX – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The information technology services provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.54 by $0.35. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. Xerox had a positive return on equity of 5.15% and a negative net margin of 4.53%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. On average, equities analysts expect that Xerox will post 1.21 EPS for the current year.

Institutional Trading of Xerox

Several institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in Xerox by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,067 shares of the information technology services provider’s stock valued at $220,000 after buying an additional 611 shares in the last quarter. Ronald Blue Trust Inc. raised its position in Xerox by 55.4% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,873 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 668 shares during the last quarter. SummerHaven Investment Management LLC raised its position in Xerox by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 54,648 shares of the information technology services provider’s stock valued at $798,000 after purchasing an additional 735 shares during the last quarter. AE Wealth Management LLC raised its position in Xerox by 3.7% in the 4th quarter. AE Wealth Management LLC now owns 25,519 shares of the information technology services provider’s stock valued at $373,000 after purchasing an additional 901 shares during the last quarter. Finally, Marathon Capital Management raised its position in Xerox by 0.5% in the 3rd quarter. Marathon Capital Management now owns 202,186 shares of the information technology services provider’s stock valued at $2,645,000 after purchasing an additional 926 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

About Xerox

(Get Rating)

Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the United States, Europe, Canada, and internationally. It offers workplace solutions, including desktop monochrome, and color and multifunction printers; digital printing presses and light production devices, and solutions; and digital services that leverage workflow automation, personalization and communication software, content management solutions, and digitization services.