Xerox Corporation (NYSE:XRX) Analyst Opinion
Xerox Corporation (NYSE:XRX) stock is presently standing at about $7.31 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 8 analysts covering the company is $8.50, which suggests the stock could still rise over 14 percent. The highest analyst price target is $9.50, which implies a rally of 70 percent. And a quick view of analyst notes show that 5 are rating the stock a buy while 2 rate XRX a strong buy. There are 1 equity research firms advocating a Hold and 0 consider it Sell.
Morgan Stanley analysts provided their view on Xerox Corporation (NYSE:XRX) recently. The rating firm issued a Overweight rating to this company in a research note released on Jan 12, 2017. Goldman analysts disclosed their opinion on Xerox Corporation (NYSE:XRX) recently. The rating firm gave a Buy rating to this stock in a research note published on Jan 10, 2017. According to a research note disclosed on Jan 03, 2017, analysts at Credit Suisse have upped their rating on these shares from Neutral to Outperform.
Xerox Corporation (NYSE:XRX) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its CFO (Interim) VARON LESLIE F sold 3,510 company shares for 33170, in a transaction on 2016-11-23. Following the transaction, the CFO (Interim) is left with a stake of 0 shares, currently valued at $0. Meanwhile, Senior Vice President Tessler Herve sold 14,000 shares worth $132860, through a transaction dated 2016-11-15. Following the completion of the transaction, the insider is left with a stake of 96,319 shares, amounting $704091.89. XRX VP & Chief Accounting Officer Mancini Joseph H. also sold 2,628 shares, at a stock price of $9.18. This transaction occurred on 2016-11-09 totals $24130. After this transaction, the insider’s stake stands at 0 shares, with a market value of $0.
Executives hold 0.91 percent of the stock. Ms. Ursula M. Burns is one of the biggest insider owners in Xerox Corporation (NYSE:XRX), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,782,449 shares which have current market value of around $13029702.19.Lawrence A. Zimmerman is another major inside shareholder in the company. The insider owns 575,681 shares as of less than 0.1%, currently worth $4208228.11. James A. Firestone is ranked as third insider holder of the stock. This insider holds 479,508 shares with a market value around $3505203.48 as of recent close.
Xerox Corporation (NYSE:XRX) Earnings Outlook
In Xerox Corporation (NYSE:XRX)’s latest quarter, EPS moved to $0.25 from $0.27 in preceding quarter and revenues reached at $2,734.00M compared to $4,212.00M. Analysts had expected Xerox Corporation (NYSE:XRX) to post net income of about $0.25 per share on $2,762.47M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.14 to $0.18. That is compared with the $0.22 in EPS it reported during the same period a year ago.