Breaking: Xerox (NYSE:XRX) Neutral Rating Maintained at UBS Today; The Target Price is $34.5

November 7, 2017 - By Peter Erickson

 Breaking: Xerox (NYSE:XRX) Neutral Rating Maintained at UBS Today; The Target Price is $34.5

Investors sentiment decreased to 0.01 in Q2 2017. Its down 1.00, from 1.01 in 2017Q1. It turned negative, as 403 investors sold Xerox Corp shares while 22 reduced holdings. 2 funds opened positions while 1 raised stakes. 29.05 million shares or 96.44% less from 815.80 million shares in 2017Q1 were reported.

Burney invested in 0.02% or 9,256 shares. 10,386 were accumulated by Arete Wealth Ltd Liability Corp. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 32,088 shares. Teachers Retirement Systems Of The State Of Kentucky reported 0.01% in Xerox Corp (NYSE:XRX). Polaris Cap Mgmt Limited Liability reported 1.27% in Xerox Corp (NYSE:XRX). Riggs Asset Managment Inc has invested 0% in Xerox Corp (NYSE:XRX). Pictet Asset Management invested 0.02% in Xerox Corp (NYSE:XRX). Timber Creek Limited Com reported 415 shares stake. Dreman Value Mngmt L L C reported 43,907 shares. Adirondack Rech Management owns 16,883 shares for 0.19% of their portfolio. Focused Wealth Inc holds 0.05% or 4,751 shares in its portfolio. Columbia Asset reported 8,536 shares. Eqis Capital Mgmt Inc invested 0.04% of its portfolio in Xerox Corp (NYSE:XRX). Asset Advsrs Corp stated it has 0.01% in Xerox Corp (NYSE:XRX). Boltwood Capital invested in 0.23% or 11,983 shares.

Xerox (NYSE:XRX) Rating Reaffirmed

Investment analysts at UBS now has a $34.5 target price per share on Xerox (NYSE:XRX). UBS and their recent target price per share indicates a potential upside of 20.63 % from the company’s close price. The rating has been released in analysts report on Friday morning.

Investors sentiment decreased to 0.01 in Q2 2017. Its down 1.00, from 1.01 in 2017Q1. It turned negative, as 403 investors sold Xerox Corp shares while 22 reduced holdings. 2 funds opened positions while 1 raised stakes. 29.05 million shares or 96.44% less from 815.80 million shares in 2017Q1 were reported.

Burney invested in 0.02% or 9,256 shares. 10,386 were accumulated by Arete Wealth Ltd Liability Corp. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 32,088 shares. Teachers Retirement Systems Of The State Of Kentucky reported 0.01% in Xerox Corp (NYSE:XRX). Polaris Cap Mgmt Limited Liability reported 1.27% in Xerox Corp (NYSE:XRX). Riggs Asset Managment Inc has invested 0% in Xerox Corp (NYSE:XRX). Pictet Asset Management invested 0.02% in Xerox Corp (NYSE:XRX). Timber Creek Limited Com reported 415 shares stake. Dreman Value Mngmt L L C reported 43,907 shares. Adirondack Rech Management owns 16,883 shares for 0.19% of their portfolio. Focused Wealth Inc holds 0.05% or 4,751 shares in its portfolio. Columbia Asset reported 8,536 shares. Eqis Capital Mgmt Inc invested 0.04% of its portfolio in Xerox Corp (NYSE:XRX). Asset Advsrs Corp stated it has 0.01% in Xerox Corp (NYSE:XRX). Boltwood Capital invested in 0.23% or 11,983 shares.

Xerox Corp (NYSE:XRX) Ratings Coverage

Among 12 analysts covering Xerox Corporation (NYSE:XRX), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Xerox Corporation has $3900 highest and $8 lowest target. $26.72’s average target is -6.57% below currents $28.6 stock price. Xerox Corporation had 30 analyst reports since July 28, 2015 according to SRatingsIntel. On Wednesday, August 2 the stock rating was maintained by Credit Suisse with “Outperform”. As per Monday, August 17, the company rating was upgraded by TheStreet. The rating was downgraded by Zacks on Wednesday, September 2 to “Sell”. As per Wednesday, October 14, the company rating was initiated by Barclays Capital. SunTrust initiated the shares of XRX in report on Tuesday, September 13 with “Buy” rating. The stock has “Outperform” rating by Credit Suisse on Tuesday, January 3. Barclays Capital maintained Xerox Corp (NYSE:XRX) on Friday, June 23 with “Sell” rating. Credit Suisse maintained the stock with “Buy” rating in Monday, April 3 report. On Tuesday, January 3 the stock rating was reinitiated by JP Morgan with “Overweight”. JP Morgan maintained Xerox Corp (NYSE:XRX) rating on Tuesday, April 26. JP Morgan has “Neutral” rating and $11 target.

About 940,308 shares traded. Xerox Corp (NYSE:XRX) has risen 17.43% since November 7, 2016 and is uptrending. It has outperformed by 0.73% the S&P500.

Xerox Corporation is a provider of digital print technology and related solutions. The company has market cap of $7.28 billion. The Firm has capabilities in imaging and printing, data analytics, and the development of secure and automated solutions to help clients improve productivity. It has a 13.46 P/E ratio. The Company’s primary offerings span three main areas: Managed Document Services, Workplace Solutions and Graphic Communications.

More notable recent Xerox Corp (NYSE:XRX) news were published by: Nasdaq.com which released: “Crossmark Global Holdings, Inc. Buys Xerox Corp, ArcelorMittal SA, Hilton …” on October 27, 2017, also Marketwatch.com with their article: “Xerox’s stock rallies after profit and sales beat, raised outlook” published on October 26, 2017, Streetinsider.com published: “Xerox Corp. (XRX) Tops Q3 EPS by 6c” on October 26, 2017. More interesting news about Xerox Corp (NYSE:XRX) were released by: Nasdaq.com and their article: “Xerox Corp. Reveals 6% Rise In Q3 Profit” published on October 26, 2017 as well as Gurufocus.com‘s news article titled: “Becker Capital Management Inc Buys Xerox Corp, JM Smucker Co, Ciena Corp …” with publication date: November 02, 2017.

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