DXC Technology (NYSE:DXC – Get Qualified) Equity analysts at Royal Bank of Canada lowered their price target from $39.00 to $34.00 in a research report issued Thursday, Benzinga reports. The company currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a possible 33.12% upside from the current share price.
DXC has been the subject of a number of other investigative reports. Morgan Stanley lowered the price target on DXC Technology shares from $36.00 to $33.00 and set an “equal weight” rating on the company in a research note on Thursday, May 26. Cowen lowered the price target on DXC Technology shares to $41.00 in a research report on Friday, July 22. Deutsche Bank Aktiengesellschaft lowered its price target on DXC Technology shares from $53.00 to $48.00 in a research report on Thursday, May 26. Susquehanna lowered the price target on DXC Technology stock from $42.00 to $41.00 in a research report on Thursday, May 26. Finally, Citigroup lowered its price target on DXC Technology shares from $40.00 to $38.00 in a research report on Thursday. Two investment analysts rated the stock a sell rating, two assigned a hold rating and five assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.92.
Price performance of DXC technology
NYSE:DXC opened at $25.54 on Thursday. DXC Technology has a one year minimum of $25.07 and a one year maximum of $41.91. The stock has a market capitalization of $5.87 billion, a P/E ratio of 11.56, a PEG ratio of 0.39, and a beta of 2.02. The firm has a debt-to-equity ratio of 0.76, a current ratio of 1.09, and a quick ratio of 1.09. The company has a fifty day moving average price of $31.16 and a 200 day moving average price of $31.59.
DXC Technology (NYSE:DXC – Get Rating) last announced its quarterly earnings data on Wednesday, May 25. The company reported earnings per share (EPS) of $0.84 for the quarter, below analyst consensus estimates of $1.00 per ($0.16). DXC Technology had a net margin of 3.42% and a return on equity of 16.50%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter of the previous year, the company recorded $0.74 EPS. The company’s quarterly revenue fell 8.6% compared to the same quarter last year. Analysts anticipate DXC Technology to post 3.93 earnings per share for the current year.
Institutional investors weigh in on DXC technology
Several hedge funds have recently increased or decreased their holdings in the stock. The Arizona State Retirement System increased its share of DXC Technology stock by 0.6% in the first quarter. The Arizona State Retirement System now owns 68,184 shares of the company valued at $2,225,000 after purchasing an additional 385 shares last quarter. Savant Capital LLC purchased a new position in DXC Technology stock in the fourth quarter valued at about $309,000. DekaBank Deutsche Girozentrale increased its shareholding in DXC Technology by 309.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 62,357 shares of the company valued at $2,020,000 after purchasing an additional 47,112 shares during the last quarter. The Advisor Resource Council increased its shareholding in DXC Technology by 180.2% in the fourth quarter. The Advisor Resource Council now owns 69,927 shares of the company valued at $2,251,000 after purchasing an additional 44,969 shares during the last quarter. Finally, Invesco Ltd. increased its shareholding in DXC Technology by 23.0% in the fourth quarter. Invesco Ltd. now owns 12,054,425 shares of the company valued at $388,031,000 after purchasing an additional 2,253,875 shares during the last quarter. Institutional investors own 89.41% of the company’s shares.
About DXC technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and a broad ecosystem of partners that help its clients obtain rapid insights, automate operations and accelerate their digital transformation processes; and software engineering, consulting, and data analytics solutions that enable companies to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.
Receive news and ratings for DXC Technology Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for DXC Technology and related companies with MarketBeat.com’s FREE daily email newsletter.