Xerox Corporation (XRX) : The consensus on Xerox Corporation (XRX) based on 5 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Xerox Corporation (XRX) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $12 and the lowest price target forecast is $10. The average forecast of all the analysts is $10.97 and the expected standard deviation is $0.59.
Company shares have received an average consensus rating of Hold for the current week Xerox Corporation (NYSE:XRX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.92 and $9.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.90, notching a gain of 0.30% for the day. The total traded volume was 4,448,403 . The stock had closed at $9.87 on the previous day.
In a related news,The officer (Senior Vice President) of Xerox Corp, Tessler Herve sold 13,000 shares at $9.89 on August 3, 2016. The Insider selling transaction had a total value worth of $128,570. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.