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 most optimistic analyst gave a price target of 38, which equates to a potential upside of 24.88 percent. The minimum price target given was 32, implying potential capital losses of 5.16 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -2.94 percent on average, compared to last month. The average change in earnings estimates over the last 90 days 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. If we look at the last 90 days instead, we find a net average change of -0.29 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts made negative revisions. 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.
In the last 52-weeks, XRX has achieved a high of 41.38 and a low of 25.84. The current market price is above the trailing year's low by 17.76 percent, and below the high by 26.46 percent. 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 market cap of XRX is $7.77 billion. XRX will post this quarters earnings in days, on 0000-00-00.