Shares of Xerox Corp (NYSE:XRX) have been given an average recommendation of “Buy” by the nine research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $35.25.
A number of equities analysts have recently issued reports on XRX shares. Zacks Investment Research upgraded Xerox from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. ValuEngine upgraded Xerox from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. Finally, Citigroup lowered their price objective on Xerox from $37.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, October 24th.
In other news, insider Michael David Feldman sold 3,729 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $29.00, for a total transaction of $108,141.00. Following the completion of the transaction, the insider now directly owns 2,869 shares in the company, valued at $83,201. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is owned by company insiders.
Shares of XRX traded down $0.06 during mid-day trading on Friday, reaching $26.64. 3,902,500 shares of the company were exchanged, compared to its average volume of 2,816,991. Xerox has a 52 week low of $23.52 and a 52 week high of $37.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.82 and a quick ratio of 1.47. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 7.66 and a beta of 1.06.
Xerox (NYSE:XRX) last issued its quarterly earnings data on Tuesday, October 23rd. The information technology services provider reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. Xerox had a return on equity of 16.50% and a net margin of 0.34%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the company earned $0.89 earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Xerox will post 3.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, December 31st will be given a dividend of $0.25 per share. The ex-dividend date is Friday, December 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.75%. Xerox’s dividend payout ratio (DPR) is 28.74%.
Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers managed document services, including managed print services and multi-channel communication services, as well as a range of digital solutions, such as workflow automation services, content management, and digitization services.
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