Published: Wed, February 01, 2017
Markets | By Erika Turner

Xerox Corporation (NYSE:XRX) Broker Price Targets For The Coming Week


Xerox Corporation (NYSE:XRX) released its quarterly earnings data on Tuesday. Analysts are forecasting earnings of $0.25 on a per share basis this quarter.

Total Revenue for the fourth quarter decreased 7% to $ 2.73 billion from $ 2.95 billion in the same quarter past year.

At the moment 11 analysts are watching Xerox Corporation (NASDAQ:XRX), 2 rate it "Buy", 5 "Outperform", 2 "Underperform", 2 "Sell", while 0 "Hold".

Xerox Corporation (NYSE:XRX) traded with the volume of 10.66 Million in the previous trading session. The stock has a market capitalization of $6.79 billion, a P/E ratio of 11.233 and a beta of 1.17. The day began at US$8.89 but the price moved to US$8.45 at one point during the trading and finally capitulating to a session high of US$8.92.

Let's take a look at how the stock has been performing recently. The shares were sold at an average price of $9.51, for a total value of $711,490.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The disclosure for this sale can be found here.

In other news, CFO Leslie F. Varon sold 3,510 shares of the company's stock in a transaction on Wednesday, November 23rd.

Now insiders hold 7,191,011 shares in the business which makes up 0.71% of shares.

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Beware, though, because institutional investors can own a huge amount of shares, when an institution sells, the stock will sell off, impacting individual shareholders.

COPYRIGHT VIOLATION NOTICE: "Xerox Corporation (XRX) Upgraded to "B" at TheStreet" was published by Marea Informative and is owned by of Marea Informative. In the last 27 earnings reports, the company has topped earnings-per-share estimates 33% percent of times.

Xerox Corporation (NYSE:XRX) last announced its quarterly earnings data on Friday, October 28th. The stock soared 51.93 percent over the last 6 months. Commonwealth Bank of Australia raised its position in Xerox Corporation by 6.9% in the second quarter. HighTower Advisors LLC now owns 215,297 shares of the company's stock valued at $2,044,000 after buying an additional 76,282 shares during the last quarter. The company posted revenue of $2734.00 million in the period, compared to analysts expectations of $2784.19 million. BlackRock Institutional Trust Company N.A. now owns 28,942,674 shares of the company's stock valued at $274,666,000 after buying an additional 173,697 shares during the last quarter. You will see these professionals, top-notch hedge fund and portfolio managers pushing these stocks on TV, radio and conferences.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem.

Several research firms recently weighed in on XRX. Brean Capital restated a "hold" rating on shares of Xerox Corporation in a research note on Monday, October 31st. Morgan Stanley upgraded Xerox Corporation from an underweight rating to an overweight rating and set a $9.00 price target on the stock in a report on Thursday, January 12th. Goldman Sachs Group, Inc.

Xerox (XRX) will host a live audio webcast with online presentation slides at 10 a.m. ET on Tuesday, Jan. 31 to discuss the company's 2016 fourth-quarter and full-year results, and 2017 guidance. Xerox Corporation has an average rating of Hold and an average price target of $10.43. Now the stock is holding a "Buy" rating from 1 equity analysts. It turned higher 9.35% from its 50-day simple moving average.

Xerox is the world's leading enterprise for business process and document management. The company also provides extensive leading-edge document technology, services, software and genuine Xerox supplies for graphic communication and office printing environments of any size.

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