Xerox Corporation (NYSE:XRX) registered a 1.41% increase, still its new closing price is 31.81% up from the company’s 1 year high of 7.32.It posted 3.02% gains in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 10 stock analysts following this company have an average price target at $8.44, with individual PT in the $7.00-$9.50 range. The shares moved at $7.17, implying that brokerage firms see shares gaining about 21.68% in twelve months time.
Xerox Corporation (XRX) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 24.70% rise year to date. A CFO (Interim) at Xerox Corporation (XRX) offloaded shares in a transaction closed on Wednesday November 23, 2016. VARON LESLIE F sold 3,510 shares in the company at $9.45 each and collected $33,000 in proceeds. VARON LESLIE F now owns 0 shares in the company after this transaction. A Senior Vice President in the company, Tessler Herve, disclosed a transaction on Tuesday November 15, 2016 that ended up generating $132,001 from the sale of 14,000 shares at $9.49 per share.
Xerox Corporation (NYSE:XRX) Upcoming Results on Tap
Xerox Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.16 in that period. Sales during the quarter are predicted to arrive at $2.45 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.73 billion in revenue and EPS of $0.25. The mean forecast was for $2.76 billion and $0.25 a share, respectively. One quarter earlier, revenue for the stock was at $4.21 billion, with earnings at $0.27/share.
Xerox Corporation (XRX) Brokerage Update
Xerox Corporation (XRX) is in Morgan Stanley’s research list so their analyst rating change is noteworthy. These shares were upgraded to Overweight from Underweight by Morgan Stanley, according to news reported on Thursday January 12, 2017.Another important research note was issued by Goldman on Tuesday January 10, 2017.The firm upgraded XRX to Buy from Neutral. Over the last six months and over the last three months, the shares of Xerox Corporation (XRX), have changed 11.31% and 15.56%, respectively.