DXC Technology (NYSE:DXC) Given Average Rating of “Reduce” by Analysts
Shares of DXC Technology (NYSE:DXC – Get Free Report) have been given an average recommendation of “Reduce” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $24.60.
DXC has been the subject of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of DXC Technology from $25.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 3rd. Wolfe Research reissued an “underperform” rating and issued a $22.00 target price on shares of DXC Technology in a research note on Tuesday, October 17th. Royal Bank of Canada dropped their price target on shares of DXC Technology from $29.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of DXC Technology from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 22nd.
Get Our Latest Research Report on DXC
DXC Technology Price Performance
Shares of NYSE:DXC opened at $23.76 on Monday. The company has a 50-day simple moving average of $21.91 and a 200-day simple moving average of $23.21. DXC Technology has a one year low of $18.61 and a one year high of $30.27. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of -9.62, a PEG ratio of 1.13 and a beta of 1.90.
DXC Technology (NYSE:DXC – Get Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DXC Technology had a negative net margin of 4.00% and a positive return on equity of 18.48%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. On average, analysts predict that DXC Technology will post 3.17 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of DXC. American Century Companies Inc. boosted its holdings in shares of DXC Technology by 52.2% in the 1st quarter. American Century Companies Inc. now owns 80,959 shares of the company’s stock valued at $2,641,000 after buying an additional 27,781 shares during the period. US Bancorp DE boosted its stake in DXC Technology by 10.6% during the 1st quarter. US Bancorp DE now owns 20,835 shares of the company’s stock valued at $681,000 after purchasing an additional 1,993 shares during the period. HighTower Advisors LLC boosted its stake in DXC Technology by 11.7% during the 1st quarter. HighTower Advisors LLC now owns 8,776 shares of the company’s stock valued at $284,000 after purchasing an additional 921 shares during the period. Acadian Asset Management LLC boosted its stake in DXC Technology by 432.5% during the 1st quarter. Acadian Asset Management LLC now owns 16,497 shares of the company’s stock valued at $538,000 after purchasing an additional 13,399 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in DXC Technology by 19.3% during the 1st quarter. MetLife Investment Management LLC now owns 66,501 shares of the company’s stock valued at $2,170,000 after purchasing an additional 10,773 shares during the period. 88.09% of the stock is owned by institutional investors and hedge funds.
About DXC Technology (Get Free Report
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).
Further Reading
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Original: MarketBeat News Feed: DXC Technology (NYSE:DXC) Given Average Rating of “Reduce” by Analysts