BMO Capital Markets Trims Conduent Inc (CNDT) Target Price to $17.00
CNDT has been the topic of several other research reports. Cowen and Company reiterated a hold rating and set a $18.00 target price on shares of Conduent in a research report on Friday, July 28th. BidaskClub upgraded Conduent from a strong sell rating to a sell rating in a research report on Thursday. Zacks Investment Research upgraded Conduent from a hold rating to a buy rating and set a $19.00 target price on the stock in a research report on Wednesday, August 2nd. Needham & Company LLC assumed coverage on Conduent in a research report on Wednesday, September 13th. They set a hold rating on the stock. Finally, Cross Research upgraded Conduent from a hold rating to a buy rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Conduent currently has an average rating of Hold and a consensus target price of $18.43.
Shares of Conduent (NASDAQ:CNDT) traded down $0.09 during mid-day trading on Thursday, reaching $15.81. The company had a trading volume of 1,829,376 shares, compared to its average volume of 2,510,000. Conduent has a 1 year low of $13.10 and a 1 year high of $18.15.
Conduent (NASDAQ:CNDT) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Conduent had a negative return on equity of 0.48% and a negative net margin of 0.27%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was down 7.3% on a year-over-year basis.
COPYRIGHT VIOLATION NOTICE: “BMO Capital Markets Trims Conduent Inc (CNDT) Target Price to $17.00” was first posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/11/12/bmo-capital-markets-trims-conduent-inc-cndt-target-price-to-17-00.html.
In related news, EVP David Amoriell sold 106,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $17.01, for a total value of $1,811,565.00. Following the sale, the executive vice president now owns 120,630 shares in the company, valued at approximately $2,051,916.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Howard Hughes Medical Institute acquired a new stake in shares of Conduent in the 2nd quarter worth approximately $566,000. Teacher Retirement System of Texas grew its holdings in shares of Conduent by 0.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,816 shares of the company’s stock worth $220,000 after acquiring an additional 98 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Conduent by 759.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,033 shares of the company’s stock worth $750,000 after acquiring an additional 41,558 shares during the period. Kirr Marbach & Co. LLC IN acquired a new stake in shares of Conduent in the 2nd quarter worth approximately $8,922,000. Finally, ARGA Investment Management LP grew its holdings in shares of Conduent by 28.9% in the 2nd quarter. ARGA Investment Management LP now owns 321,400 shares of the company’s stock worth $5,123,000 after acquiring an additional 72,100 shares during the period.
Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).
Receive News & Ratings for Conduent Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent Inc and related companies with MarketBeat.com's FREE daily email newsletter.