DXC Technology (NYSE:DXC) Given Consensus Rating of “Reduce” by Analysts

Shares of DXC Technology (NYSE:DXC) have been given a consensus recommendation of “Reduce” by the nine research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $20.89.

A number of research firms have weighed in on DXC. BMO Capital Markets boosted their target price on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Susquehanna upped their target price on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th.

DXC Technology Trading Up 1.3 %

Shares of NYSE:DXC opened at $19.73 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average of $21.27 and a 200-day moving average of $20.45. DXC Technology has a 12-month low of $14.78 and a 12-month high of $24.83. The stock has a market cap of $3.57 billion, a PE ratio of 246.66, a P/E/G ratio of 1.40 and a beta of 1.66.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.21. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same period in the prior year, the firm posted $0.70 EPS. As a group, equities research analysts forecast that DXC Technology will post 3.18 earnings per share for the current year.

Institutional Investors Weigh In On DXC Technology

Several large investors have recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. bought a new stake in shares of DXC Technology in the 2nd quarter worth approximately $26,000. Matrix Trust Co bought a new position in DXC Technology in the third quarter worth about $43,000. Prospera Private Wealth LLC purchased a new position in DXC Technology during the third quarter valued at $49,000. GAMMA Investing LLC lifted its holdings in shares of DXC Technology by 48.7% during the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock valued at $71,000 after purchasing an additional 1,122 shares during the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in DXC Technology in the third quarter worth $79,000. Institutional investors own 96.20% of the company’s stock.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).