Conduent (CNDT) Earning Somewhat Positive News Coverage, Report Finds

News articles about Conduent (NYSE:CNDT) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Conduent earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.8214970546714 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news headlines that may have effected Accern’s analysis:

Conduent (NYSE:CNDT) opened at $16.91 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.74 and a current ratio of 1.74. Conduent has a one year low of $13.10 and a one year high of $18.15. The firm has a market cap of $3,515.40 and a price-to-earnings ratio of -3.49.

Conduent (NYSE:CNDT) last released its earnings results on Wednesday, November 8th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Conduent had a negative net margin of 16.18% and a positive return on equity of 5.45%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company earned $0.24 EPS. Conduent’s revenue for the quarter was down 7.3% on a year-over-year basis. research analysts expect that Conduent will post 0.81 earnings per share for the current year.

A number of research analysts recently weighed in on CNDT shares. BidaskClub upgraded shares of Conduent from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of Conduent from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, November 9th. SunTrust Banks restated a “buy” rating and set a $20.00 target price on shares of Conduent in a research note on Friday, November 10th. Cross Research upgraded shares of Conduent from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, BMO Capital Markets lowered their target price on shares of Conduent from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.60.

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About Conduent

Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).

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