DXC Technology (NYSE:DXC) Receives $20.89 Average Target Price from Brokerages

DXC Technology (NYSE:DXC) has received an average recommendation of “Reduce” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $20.89.

Several equities research analysts recently weighed in on DXC shares. Susquehanna raised their price target on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Finally, BMO Capital Markets upped their price target on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, November 11th.

DXC Technology Stock Down 4.1 %

DXC stock opened at $20.60 on Friday. The business has a 50 day moving average of $21.34 and a 200 day moving average of $20.20. The firm has a market cap of $3.73 billion, a PE ratio of 257.53, a price-to-earnings-growth ratio of 1.40 and a beta of 1.65. DXC Technology has a twelve month low of $14.78 and a twelve month high of $24.83. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.21. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same quarter in the previous year, the business posted $0.70 EPS. On average, research analysts forecast that DXC Technology will post 3.18 EPS for the current fiscal year.

Institutional Trading of DXC Technology

Several large investors have recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. purchased a new stake in DXC Technology in the second quarter worth about $26,000. Family Firm Inc. purchased a new stake in DXC Technology in the 2nd quarter worth approximately $37,000. Fifth Third Bancorp increased its holdings in DXC Technology by 40.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after acquiring an additional 559 shares in the last quarter. Matrix Trust Co bought a new stake in DXC Technology during the 3rd quarter worth approximately $43,000. Finally, Prospera Private Wealth LLC purchased a new position in DXC Technology during the third quarter valued at approximately $49,000. 96.20% of the stock is currently owned by institutional investors.

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).