Brokerage Firm Rating Update on Xerox Corporation (XRX)

Xerox Corporation (XRX) : The consensus on Xerox Corporation (XRX) based on 5 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Xerox Corporation (XRX) stock is expected to deviate a maximum of $0.76 from the average target price of $10.95 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $12 and the most muted being $10.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, BMO Capital maintains its ratings on Xerox Corporation (NYSE:XRX). In the latest research report, BMO Capital raises the target price from $10 per share to $10.5 per share. According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. The rating by the firm was issued on August 1, 2016.

Xerox Corporation (NYSE:XRX): The stock opened at $9.78 and touched an intraday high of $9.88 on Wednesday. During the day, the stock corrected to an intraday low of $9.76, however, the bulls stepped in and pushed the price higher to close in the green at $9.88 with a gain of 0.82% for the day. The total traded volume for the day was 6,301,941. The stock had closed at $9.8 in the previous trading session.

Xerox Corporation is engaged in offering business process and document management solutions. The Company operates through the following segments: Services, Document Technology and Other. The Companys customers include small and midsize businesses (SMBs), graphic communications companies, Governmental entities, educational institutions and Fortune 1000 corporate accounts. The Companys Services segment provides two types of service offerings: Business Process Outsourcing (BPO) and Document Outsourcing (DO). It provides multi-industry offerings, such as customer care, transaction processing, finance and accounting, and human resources, as well as industry focused offerings in areas , such as healthcare, transportation, financial services, retail and telecommunications. The Companys Document Technology segment includes the sale of products and supplies, as well as the associated technical service and financing of those products.

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