Price Target Update on Xerox Corporation (NYSE:XRX)

Xerox Corporation (NYSE:XRX) : The highest level Xerox Corporation (NYSE:XRX) is projected to reach is $13 for the short term and the lowest estimate is at $10. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $11.2 and the possibility the share price can swing is $1.1.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Credit Suisse maintains the rating on Xerox Corporation (NYSE:XRX). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $11 per share to $10 per share. The rating by the firm was issued on April 26, 2016.

Xerox Corporation (NYSE:XRX): stock turned positive on Thursday. Though the stock opened at $9.91, the bulls momentum made the stock top out at $10.02 level for the day. The stock recorded a low of $9.89 and closed the trading day at $10.02, in the green by 2.45%. The total traded volume for the day was 3,238,640. The stock had closed at $9.78 in the previous days trading.

The company shares have dropped -11.17% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $11.46 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.63 and the 200 Day Moving Average price is recorded at $9.97.

Xerox Corporation is engaged in offering business process and document management solutions. The Company operates through the following segments: Services, Document Technology and Other. The Companys customers include small and midsize businesses (SMBs), graphic communications companies, Governmental entities, educational institutions and Fortune 1000 corporate accounts. The Companys Services segment provides two types of service offerings: Business Process Outsourcing (BPO) and Document Outsourcing (DO). It provides multi-industry offerings, such as customer care, transaction processing, finance and accounting, and human resources, as well as industry focused offerings in areas , such as healthcare, transportation, financial services, retail and telecommunications. The Companys Document Technology segment includes the sale of products and supplies, as well as the associated technical service and financing of those products.

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