Short Term Price Target on Xerox Corporation (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.

Xerox Corporation has lost 4.46% in the last five trading days and dropped 4.07% in the last 4 weeks. Xerox Corporation has dropped 13.75% during the last 3-month period . Year-to-Date the stock performance stands at -9.28%. Also, Credit Suisse maintains their rating on the shares of Xerox Corporation (NYSE:XRX). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $10 per share from $11 per share. The rating by the firm was issued on April 26, 2016.

Xerox Corporation (NYSE:XRX) : Zacks Investment Research ranks Xerox Corporation (NYSE:XRX) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 3, which indicates as a Hold.

Xerox Corporation (NYSE:XRX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.23 and $9.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.49, notching a gain of 3.15% for the day. The total traded volume was 5,775,938 . The stock had closed at $9.20 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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