Analyst Ratings for Xerox Corp. (XRX)Updated: 2017-07-29
Xerox Corp. (NYSE:XRX) was awarded an average rating of Overweight from investment analysts following the stock. XRX had previously received a consensus rating of Overweight a month ago.
Of the 11 analysts covering the stock, 7 gave it a buy rating, 1 issued an overweight rating, 3 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has decreased by 1.
Many analysts weighed in on price targets for XRX. The maximum price target given was 38, which equates to a potential upside of 24.88 percent. The most pessimistic price target was 32, implying a possible loss of 5.16 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -2.94 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -2.38 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.15 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.29 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 1 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
XRX has a 52-week high of 41.38 and a 52-week low of 25.84. Today's price is 17.76 percent above the 52-week low, and 26.46 percent below the high. XRX has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The XRX value stock report compares XRX to some of its peers using value stock charts. The stock has a market capitalization of $7.77 billion. XRX's next earnings release will be on 0000-00-00, which is days away.