Conduent Inc (CNDT) Stock Rating Upgraded by Zacks Investment Research
According to Zacks, “Conduent Incorporated is a business process services company. It engaged in providing business and government services to citizens, patients, customers and employees. The services rendered by the company include healthcare solutions, BPO services, learning services, digital payments, legal and compliance solutions, human resources, finance and accounting, procurement solutions and digital transformation. The company serves aerospace defence and automotive services, banking, communication and media, healthcare, industrial and energy, insurance, retail and consumer products and transportation industries. Conduent Incorporated is based in Basking Ridge, N.J. “
Several other analysts have also recently issued reports on the company. Citigroup Inc set a $17.00 price objective on Conduent and gave the company a buy rating in a research note on Saturday, February 25th. BMO Capital Markets reiterated a hold rating and issued a $17.00 price objective on shares of Conduent in a research note on Thursday, February 23rd. Morgan Stanley began coverage on Conduent in a research note on Thursday, January 12th. They issued an equal weight rating and a $16.00 price objective on the stock. Cross Research began coverage on Conduent in a research note on Thursday, January 5th. They issued a hold rating on the stock. Finally, SunTrust Banks, Inc. began coverage on Conduent in a research note on Wednesday, January 4th. They issued a buy rating and a $16.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $16.20.
Shares of Conduent (NASDAQ:CNDT) opened at 15.74 on Tuesday. The stock’s market cap is $3.19 billion. The firm’s 50-day moving average price is $15.45 and its 200 day moving average price is $15.01. Conduent has a 1-year low of $13.10 and a 1-year high of $17.44.
Conduent (NASDAQ:CNDT) last announced its quarterly earnings data on Wednesday, February 22nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.07. The company earned $1.51 billion during the quarter, compared to analyst estimates of $1.64 billion. The firm’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, equities analysts expect that Conduent will post $0.75 earnings per share for the current fiscal year.
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Conduent Incorporated is a business process services company. The Company’s segments include Commercial Industries, Healthcare, Public Sector and Other. Its Commercial Industries segment provides business process services and customized solutions to customers of industries. Its Healthcare segment provides industry-centric business process services to customers across the healthcare industry, including providers, payers, employers, pharmaceutical and life science companies and government agencies.
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