Xerox Corporation (XRX) : Analyst Rating Update

Xerox Corporation (XRX) : The consensus on Xerox Corporation (XRX) based on 4 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 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) : The highest level Xerox Corporation (XRX) is projected to reach is $13 for the short term and the lowest estimate is at $10. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $11.2 and the possibility the share price can swing is $1.1.

Xerox Corporation (NYSE:XRX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.16 and $9.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.32, notching a gain of 0.87% for the day. The total traded volume was 4,905,441 . The stock had closed at $9.24 on the previous day.

Also, Credit Suisse maintains its rating on Xerox Corporation (NYSE:XRX). The global brokerage major lowers the current price target from $11 per share to $10 per share. Analysts at the Credit Suisse have a current rating of Neutral on the shares. The rating by the firm was issued on April 26, 2016. The company shares have dropped -10.03% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $11.46 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.65 and the 200 Day Moving Average price is recorded at $9.92.

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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