Conduent (CNDT) Receives Daily News Impact Score of 0.21
Media coverage about Conduent (NASDAQ:CNDT) has trended somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Conduent earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.2509293129606 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of research firms recently commented on CNDT. Cowen and Company reissued a “hold” rating and issued a $18.00 price target on shares of Conduent in a report on Friday, July 28th. Zacks Investment Research upgraded Conduent from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Wednesday, August 2nd. Needham & Company LLC assumed coverage on shares of Conduent in a report on Wednesday, September 13th. They set a “hold” rating for the company. BidaskClub lowered shares of Conduent from a “sell” rating to a “strong sell” rating in a report on Thursday, September 21st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $18.00 price objective on shares of Conduent in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Conduent presently has an average rating of “Hold” and a consensus price target of $18.14.
Conduent (CNDT) opened at 15.61 on Wednesday. The stock’s 50 day moving average price is $15.79 and its 200-day moving average price is $15.79. Conduent has a 12 month low of $13.10 and a 12 month high of $17.12. The stock’s market cap is $3.28 billion.
Conduent (NASDAQ:CNDT) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Conduent had a negative net margin of 0.27% and a negative return on equity of 0.48%. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. Equities analysts expect that Conduent will post $0.76 EPS for the current year.
In other news, EVP David Amoriell sold 106,500 shares of Conduent stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $17.01, for a total value of $1,811,565.00. Following the sale, the executive vice president now owns 120,630 shares in the company, valued at $2,051,916.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Conduent Company Profile
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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