Xerox Corporation (XRX) Receives ‘Analyst’ Rating

Xerox Corporation (XRX) : 6 analysts are covering Xerox Corporation (XRX) and their average rating on the stock is 2.67, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Xerox Corporation (XRX) : The highest short term price target forecast on Xerox Corporation (XRX) is $13 and the lowest target price is $10. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $11.36 with a standard deviation of $1.13.


Also, Brokerage firm BMO Capital maintains its rating on Xerox Corporation (NYSE:XRX). As per the latest information, the brokerage house raises the price target to $10.5 per share from a prior target of $10. The shares have been rated Market Perform. The rating by the firm was issued on August 1, 2016.

Xerox Corporation (NYSE:XRX): After opening at $9.72, the stock dipped to an intraday low of $9.68 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.83 and the buying power remained strong till the end. The stock closed at $9.81 for the day, a gain of 0.82% for the day session. The total traded volume was 9,124,940. The stocks close on the previous trading day was $9.73.

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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