SunTrust Banks, Inc. Increases DXC Technology Company. (DXC) Price Target to $100.00
DXC Technology Company. (NYSE:DXC) had its price objective lifted by investment analysts at SunTrust Banks, Inc. to $100.00 in a research note issued to investors on Monday. The firm presently has a “hold” rating on the stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 4.43% from the stock’s current price. SunTrust Banks also issued estimates for DXC Technology Company.’s Q1 2019 earnings at $1.97 EPS, Q2 2019 earnings at $2.07 EPS, Q3 2019 earnings at $2.30 EPS and FY2019 earnings at $8.59 EPS.
A number of other research firms have also recently issued reports on DXC. Barclays PLC lifted their price target on DXC Technology Company. from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. KeyCorp reaffirmed an “overweight” rating and issued a $99.00 price target (up from $92.00) on shares of DXC Technology Company. in a report on Monday, October 9th. Jefferies Group LLC lifted their price target on DXC Technology Company. from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 24th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $79.00 price target on shares of DXC Technology Company. in a report on Friday, August 11th. Finally, Citigroup Inc. lifted their price target on DXC Technology Company. from $97.00 to $101.00 and gave the company a “buy” rating in a report on Friday, October 13th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $99.59.
DXC Technology Company. (NYSE DXC) opened at $95.76 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. DXC Technology Company. has a twelve month low of $67.76 and a twelve month high of $99.00. The stock has a market capitalization of $27,614.01, a PE ratio of 17.66, a P/E/G ratio of 1.66 and a beta of 1.01.
DXC Technology Company. (NYSE:DXC) last released its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.40. DXC Technology Company. had a return on equity of 17.83% and a net margin of 1.88%. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. The firm’s quarterly revenue was up 229.4% compared to the same quarter last year. research analysts predict that DXC Technology Company. will post 7.27 EPS for the current fiscal year.
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In other DXC Technology Company. news, EVP Michael G. Nefkens sold 35,340 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $92.00, for a total transaction of $3,251,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company’s stock.
Large investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in DXC Technology Company. during the 2nd quarter worth about $101,000. Hanson McClain Inc. bought a new stake in DXC Technology Company. during the 2nd quarter worth about $105,000. Pinebridge Investments L.P. bought a new stake in shares of DXC Technology Company. in the 2nd quarter valued at about $106,000. Oppenheimer Asset Management Inc. bought a new stake in shares of DXC Technology Company. in the 2nd quarter valued at about $109,000. Finally, Cribstone Capital Management LLC increased its stake in shares of DXC Technology Company. by 4.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock valued at $108,000 after acquiring an additional 63 shares during the last quarter. 85.91% of the stock is owned by hedge funds and other institutional investors.
About DXC Technology Company.
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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