DXC Technology (NYSE:DXC) has been given an average rating of “Buy” by the nineteen brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $103.53.
A number of brokerages have issued reports on DXC. BMO Capital Markets raised their target price on shares of DXC Technology from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. SunTrust Banks raised their target price on shares of DXC Technology to $100.00 and gave the stock a “hold” rating in a report on Monday, November 13th. Deutsche Bank raised their target price on shares of DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, February 9th. KeyCorp raised their target price on shares of DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Tuesday, January 9th. Finally, Citigroup reaffirmed a “buy” rating and set a $117.00 price target (up previously from $107.00) on shares of DXC Technology in a report on Thursday, January 18th.
Shares of DXC Technology (NYSE:DXC) traded down $0.27 during midday trading on Wednesday, reaching $100.82. 1,610,700 shares of the company’s stock were exchanged, compared to its average volume of 1,718,027. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. DXC Technology has a 1 year low of $67.76 and a 1 year high of $102.95. The company has a market capitalization of $28,803.05, a PE ratio of 14.78, a P/E/G ratio of 1.23 and a beta of 1.04.
DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, February 8th. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.16. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.19 billion. The company’s quarterly revenue was up 222.7% compared to the same quarter last year. research analysts anticipate that DXC Technology will post 7.83 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DXC. Royal Bank of Canada acquired a new position in shares of DXC Technology during the second quarter valued at approximately $10,753,000. Macquarie Group Ltd. acquired a new position in shares of DXC Technology during the second quarter valued at approximately $2,436,000. Gotham Asset Management LLC acquired a new position in shares of DXC Technology during the second quarter valued at approximately $1,510,000. Cubist Systematic Strategies LLC acquired a new position in shares of DXC Technology during the second quarter valued at approximately $713,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in DXC Technology in the second quarter worth approximately $1,265,000. 85.61% of the stock is currently owned by institutional investors.
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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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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