DXC Technology (NYSE:DXC) Rating Reiterated by BMO Capital Markets

DXC Technology (NYSE:DXC)‘s stock had its “market perform” rating reissued by analysts at BMO Capital Markets in a research report issued on Tuesday, The Fly reports. They presently have a $35.00 price target on the stock. BMO Capital Markets’ price target indicates a potential upside of 4.68% from the company’s previous close.

Other analysts have also issued research reports about the company. Wells Fargo & Co decreased their price target on DXC Technology from $46.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, September 26th. Cfra reaffirmed a “hold” rating on shares of DXC Technology in a research note on Thursday, September 12th. Citigroup reduced their price objective on DXC Technology from $60.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Royal Bank of Canada reissued a “buy” rating on shares of DXC Technology in a research note on Sunday, August 11th. Finally, JPMorgan Chase & Co. reduced their price objective on DXC Technology from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.08.

DXC stock traded up $4.04 during trading on Tuesday, hitting $33.44. The company had a trading volume of 8,020,214 shares, compared to its average volume of 3,721,633. The company has a fifty day moving average price of $28.45 and a two-hundred day moving average price of $43.92. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80. The company has a market cap of $7.88 billion, a P/E ratio of 4.01, a P/E/G ratio of 1.05 and a beta of 1.92. DXC Technology has a fifty-two week low of $26.02 and a fifty-two week high of $69.45.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Monday, November 11th. The company reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($0.06). The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.92 billion. DXC Technology had a net margin of 5.70% and a return on equity of 19.57%. DXC Technology’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.02 EPS. On average, analysts expect that DXC Technology will post 7.3 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Coastal Investment Advisors Inc. raised its position in shares of DXC Technology by 348.4% during the second quarter. Coastal Investment Advisors Inc. now owns 704 shares of the company’s stock worth $25,000 after acquiring an additional 547 shares during the last quarter. Nvwm LLC increased its holdings in DXC Technology by 531,520.0% in the 3rd quarter. Nvwm LLC now owns 26,581 shares of the company’s stock valued at $27,000 after acquiring an additional 26,576 shares during the last quarter. Liberty Wealth Management LLC increased its holdings in DXC Technology by 143.8% in the 2nd quarter. Liberty Wealth Management LLC now owns 568 shares of the company’s stock valued at $31,000 after acquiring an additional 335 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in DXC Technology by 276.6% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,318 shares of the company’s stock valued at $36,000 after acquiring an additional 968 shares during the last quarter. Finally, Covington Capital Management increased its holdings in shares of DXC Technology by 346.3% in the 2nd quarter. Covington Capital Management now owns 732 shares of the company’s stock worth $40,000 after buying an additional 568 shares during the last quarter. 84.25% of the stock is currently owned by institutional investors.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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Analyst Recommendations for DXC Technology (NYSE:DXC)

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