Markets

Noteworthy Buzzer: Xerox Corporation (NYSE:XRX)

Xerox Corporation (NYSE:XRX) plummeted -0.55 percent and ended the day at $7.26. The Average Volume of the company is 13.64 Million and P/E (price to earnings) ratio is 12.58, while Forward P/E ratio is 8.41.

Morgan Stanley Upgrade its coverage for Xerox Corporation (NYSE:XRX) in a note sent to investors on 12-Jan-17. The research firm Upgrade the stock to Overweight. Moreover, Goldman issued Upgrade rating for the stock on 10-Jan-17. Credit Suisse also Upgrade the company to Outperform on 3-Jan-17, 2016. Additionally, Morgan Stanley Downgrade its ratings on the stock to Underweight.

The highest price XRX stock touched in the last 12 month was $11.39 and the lowest price it hit in the same period was $6.46. The stock has a Return on Assets of 2.6 percent, Return on Investment of 6.3 percent and a Return on Equity of 7.3 percent. The company’s market cap is $7.36 Billion.

Xerox Corporation (NYSE:XRX)’s growth estimate is -27.3 percent for the current quarter. The growth estimate for the next quarter is -26.7 percent. The company’s stock has fell -1.35 percent in the past five year. The company is expected to grow by -0.11 percent over the next five years.

Price Target is an important factor while doing analysis of a stock. According to 8 analysts, Price Target for Xerox Corporation (NYSE:XRX) may hit a high of $9.5. The average and low price target for the stock are $8.44 and $7, respectively.

Now we look at the Moving Averages, the 200-day is 14.27, the 50-day is 10.18 and the 20-day is 2.99. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading.

Looking forward, the company is expected to report earnings of $0.16 per share for the current quarter. Revenue is expected in between 2.49 Billion and 2.41 Billion with an average of 2.45 Billion.

When we look at the recommendation trends, the stock presently has an average brokerage recommendation of 2.2. Out of 11 brokerage recommendations, 2 gave a Strong Buy, 5 issued a Buy, 2 issued Hold, 2 rated Under-perform and 0 issued a Sell.

Xerox Corporation (NYSE:XRX) performance during the last one year Improved 29.81 percent, while its year to date (YTD) performance showed a Positive trend of 26.26 percent. The stock Jumped 14.67 percent over the past six months. The stock’s quarterly performance indicates a Positive momentum of 16.03 percent, whereas its last one month trend is Optimistic with 4.61 percent. Its weekly performance showed upward trend of 2.69 percent.

Profitability analysis helps a great deal in making investment decision. Net profit margin of the company was recorded at 5.5 percent, operating profit margin was 7.1 percent, whereas gross profit margin stands at 40.7 percent. Beta factor was calculated at 1.23.

Xerox Corporation (NYSE:XRX) has 1.01 Billion shares outstanding and 943.48 Million shares were floated in market. The short ratio in the company’s stock is documented at 1.08 and the short float is around of 1.56%. The stock’s average true range of stands at 0.17, while the relative strength index is 63.19.

Liquidity ratios helps investors to determine a company’s ability to pay off its debts. For the most recent quarter, quick ratio was 1.3, current ratio was 1.5, LT Debt/Equity ratio was 1.1 and Total Debt/Equity ratio was 1.32.