DXC Technology (NYSE:DXC) had its price objective dropped by equities researchers at Cantor Fitzgerald from $42.00 to $28.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. Cantor Fitzgerald’s price objective would indicate a potential downside of 24.79% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Cfra reissued a “hold” rating on shares of DXC Technology in a research note on Thursday, September 12th. ValuEngine raised DXC Technology from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Evercore ISI reissued a “hold” rating on shares of DXC Technology in a research note on Monday, September 16th. Bank of America lowered their target price on DXC Technology from $64.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Moffett Nathanson lowered their target price on DXC Technology from $43.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. DXC Technology presently has an average rating of “Hold” and an average price target of $49.43.

Shares of DXC stock traded up $1.40 on Tuesday, hitting $37.23. The stock had a trading volume of 6,139,304 shares, compared to its average volume of 4,797,723. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.95 and a quick ratio of 0.88. The firm has a market capitalization of $8.86 billion, a P/E ratio of 4.46, a P/E/G ratio of 1.42 and a beta of 1.92. DXC Technology has a 1 year low of $26.02 and a 1 year high of $69.45. The company’s 50 day moving average price is $28.79 and its 200-day moving average price is $43.33.

DXC Technology (NYSE:DXC) last released its earnings results on Monday, November 11th. The company reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($0.06). DXC Technology had a positive return on equity of 18.89% and a negative net margin of 6.04%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same period in the previous year, the firm earned $2.02 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities analysts forecast that DXC Technology will post 5.49 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. AGF Investments LLC boosted its position in shares of DXC Technology by 0.8% during the 2nd quarter. AGF Investments LLC now owns 22,639 shares of the company’s stock worth $1,249,000 after acquiring an additional 189 shares in the last quarter. Keel Point LLC boosted its position in shares of DXC Technology by 5.5% during the 2nd quarter. Keel Point LLC now owns 3,912 shares of the company’s stock worth $216,000 after acquiring an additional 205 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of DXC Technology by 0.9% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 27,177 shares of the company’s stock valued at $1,492,000 after purchasing an additional 255 shares during the last quarter. Bartlett & Co. LLC lifted its holdings in shares of DXC Technology by 13.6% in the 2nd quarter. Bartlett & Co. LLC now owns 2,459 shares of the company’s stock valued at $136,000 after purchasing an additional 294 shares during the last quarter. Finally, Wellington Shields & Co. LLC lifted its holdings in shares of DXC Technology by 4.6% in the 2nd quarter. Wellington Shields & Co. LLC now owns 6,869 shares of the company’s stock valued at $379,000 after purchasing an additional 300 shares during the last quarter. 84.25% of the stock is owned by institutional investors and hedge funds.

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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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Analyst Recommendations for DXC Technology (NYSE:DXC)

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