DXC Technology Company.’s (DXC) “Hold” Rating Reaffirmed at Cantor Fitzgerald
DXC Technology Company. (NYSE:DXC)‘s stock had its “hold” rating reiterated by investment analysts at Cantor Fitzgerald in a research report issued on Friday. They currently have a $79.00 price target on the stock. Cantor Fitzgerald’s price objective indicates a potential downside of 3.72% from the company’s current price.
The analysts wrote, “Foresi’s Take. DXC reported below-expectation top line results, with declining legacy revenues somewhat offset by continued solid growth in Digital (+13.4%). DXC revenues fell organically by high-single digits, but only by mid- single digits when accounting for a PPA adjustment. Management maintained expectations for FY18, with margins expected to ramp as the fiscal year progresses.””
A number of other equities research analysts also recently commented on the company. Zacks Investment Research upgraded DXC Technology Company. from a “sell” rating to a “hold” rating in a research report on Thursday. Cowen and Company restated a “hold” rating and issued a $77.00 target price on shares of DXC Technology Company. in a research report on Thursday. TheStreet upgraded DXC Technology Company. from a “c” rating to a “b” rating in a research report on Tuesday. Stifel Nicolaus restated a “hold” rating and issued a $86.00 target price on shares of DXC Technology Company. in a research report on Thursday. Finally, BMO Capital Markets restated an “outperform” rating and issued a $94.00 target price (up previously from $92.00) on shares of DXC Technology Company. in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $87.33.
DXC Technology Company. (NYSE:DXC) traded up 0.96% during mid-day trading on Friday, reaching $82.05. The company’s stock had a trading volume of 1,552,154 shares. The firm’s 50 day moving average price is $78.49 and its 200 day moving average price is $74.00. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of 258.83 and a beta of 1.11. DXC Technology Company. has a 12-month low of $45.37 and a 12-month high of $84.50.
DXC Technology Company. (NYSE:DXC) last posted its earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.34. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. The company had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. On average, equities analysts predict that DXC Technology Company. will post $6.79 earnings per share for the current year.
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In related news, EVP Michael G. Nefkens sold 128,328 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $80.03, for a total value of $10,270,089.84. Following the sale, the executive vice president now owns 25,447 shares in the company, valued at approximately $2,036,523.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Margaret C. Whitman sold 8,600 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $77.18, for a total value of $663,748.00. Following the completion of the sale, the director now owns 111,229 shares in the company, valued at approximately $8,584,654.22. The disclosure for this sale can be found here. Insiders sold a total of 251,936 shares of company stock worth $19,995,452 in the last quarter. Company insiders own 1.30% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in DXC Technology Company. by 30,928.2% in the second quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock valued at $1,593,568,000 after buying an additional 20,704,283 shares in the last quarter. BlackRock Inc. purchased a new stake in DXC Technology Company. during the second quarter valued at about $1,368,006,000. Dodge & Cox purchased a new stake in DXC Technology Company. during the second quarter valued at about $1,032,608,000. Boston Partners purchased a new stake in DXC Technology Company. during the second quarter valued at about $932,573,000. Finally, Franklin Resources Inc. purchased a new stake in DXC Technology Company. during the second quarter valued at about $514,971,000. Hedge funds and other institutional investors own 51.07% of the company’s stock.
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