Xerox Corporation (XRX) Receives Price Target

Xerox Corporation (XRX) : 4 Wall Street analysts covering Xerox Corporation (XRX) believe that the average level the stock could reach for the short term is $10.95. The maximum price target given is $12 and the minimum target for short term is around $10, hence the standard deviation is calculated at $0.76.

Xerox Corporation (XRX) has an average broker rating of 3, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, In a research note released to the investors, BMO Capital maintains its rating on Xerox Corporation (NYSE:XRX).The analysts at the brokerage house have a current rating of Market Perform on the shares. In a recent information released to the investors, BMO Capital raises the new price target from $10 per share to $10.5 per share. The rating by the firm was issued on August 1, 2016.

Xerox Corporation (NYSE:XRX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.88 and $9.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.87, notching a gain of 0.20% for the day. The total traded volume was 7,039,904 . The stock had closed at $9.85 on the previous day.

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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