DXC Technology (NYSE:DXC) Price Target Cut to $28.00

DXC Technology (NYSE:DXC) had its price target cut by Cantor Fitzgerald from $42.00 to $28.00 in a research report report published on Tuesday, The Fly reports. They currently have a neutral rating on the stock.

A number of other analysts also recently commented on DXC. Zacks Investment Research downgraded DXC Technology from a hold rating to a sell rating and set a $29.00 target price on the stock. in a research report on Thursday, October 17th. Bank of America decreased their target price on DXC Technology from $64.00 to $56.00 and set a buy rating on the stock in a research report on Friday, August 9th. Susquehanna Bancshares downgraded DXC Technology from a positive rating to a neutral rating in a research report on Thursday, September 12th. Stifel Nicolaus decreased their target price on DXC Technology from $46.00 to $37.00 and set a hold rating on the stock in a research report on Wednesday, August 28th. Finally, ValuEngine upgraded DXC Technology from a strong sell rating to a sell rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $49.43.

DXC traded up $1.40 during trading on Tuesday, reaching $37.23. 6,139,304 shares of the stock were exchanged, compared to its average volume of 4,797,723. The business’s 50 day moving average price is $28.79 and its two-hundred day moving average price is $43.33. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.95 and a quick ratio of 0.88. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 4.46, a P/E/G ratio of 1.42 and a beta of 1.92. DXC Technology has a 1 year low of $26.02 and a 1 year high of $69.45.

DXC Technology (NYSE:DXC) last posted its earnings results on Monday, November 11th. The company reported $1.38 EPS for the quarter, missing the Zacks’ consensus estimate of $1.44 by ($0.06). The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.92 billion. DXC Technology had a positive return on equity of 18.89% and a negative net margin of 6.04%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.02 earnings per share. On average, analysts anticipate that DXC Technology will post 5.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Wednesday, December 4th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.26%. DXC Technology’s dividend payout ratio (DPR) is 10.07%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DXC. DNB Asset Management AS raised its holdings in shares of DXC Technology by 33.0% in the second quarter. DNB Asset Management AS now owns 93,068 shares of the company’s stock worth $5,133,000 after acquiring an additional 23,066 shares during the last quarter. KAMES CAPITAL plc acquired a new position in shares of DXC Technology in the second quarter worth $6,291,000. Crossmark Global Holdings Inc. raised its holdings in shares of DXC Technology by 6.0% in the second quarter. Crossmark Global Holdings Inc. now owns 31,657 shares of the company’s stock worth $1,746,000 after acquiring an additional 1,792 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of DXC Technology by 31.0% in the second quarter. Retirement Systems of Alabama now owns 655,110 shares of the company’s stock worth $36,129,000 after acquiring an additional 155,191 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC acquired a new position in shares of DXC Technology in the second quarter worth $799,000. 84.25% of the stock is 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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