Conduent Inc (CNDT) Receives $23.00 Consensus Price Target from Analysts
Conduent Inc (NYSE:CNDT) has been given a consensus rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $23.17.
Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised Conduent from a “neutral” rating to an “overweight” rating and set a $15.00 price target for the company in a report on Tuesday, August 14th. BMO Capital Markets reaffirmed a “hold” rating on shares of Conduent in a report on Wednesday, August 8th. Finally, Zacks Investment Research downgraded Conduent from a “buy” rating to a “hold” rating in a report on Wednesday.
In other news, President David Amoriell sold 33,903 shares of Conduent stock in a transaction on Monday, August 20th. The stock was sold at an average price of $21.30, for a total transaction of $722,133.90. Following the completion of the sale, the president now owns 83,888 shares of the company’s stock, valued at $1,786,814.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is currently owned by company insiders.
Conduent stock traded down $0.05 during mid-day trading on Wednesday, hitting $19.90. 1,388,376 shares of the company’s stock traded hands, compared to its average volume of 1,975,407. Conduent has a fifty-two week low of $14.95 and a fifty-two week high of $23.39. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 23.41 and a beta of -0.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.03 and a quick ratio of 2.03.
Conduent (NYSE:CNDT) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.07. Conduent had a return on equity of 6.53% and a net margin of 2.63%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm posted $0.16 EPS. The company’s quarterly revenue was down 7.3% on a year-over-year basis. As a group, equities analysts anticipate that Conduent will post 1.15 earnings per share for the current fiscal year.
Conduent Company Profile
Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States and internationally. It operates in two segments, Commercial Industries and Public Sector. The Commercial Industries segment offers business process services and customized solutions to clients in various industries.
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