Should You Buy Or Sell Xerox Corporation (NYSE:XRX) On Analyst Concensus?

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Creative Planning raised its stake in Xerox Corp (NYSE:XRX) by 36.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The stock, after opening at $7, hit $7.04 through the close by scoring 0.57%. Institutional investors and hedge funds own 84.80% of the company's stock. Lakeview Capital Partners LLC acquired a new position in Xerox Corp during the third quarter valued at approximately $107,000. Concert Wealth Management Inc. now owns 10,375 shares of the information technology services provider's stock worth $104,000 after buying an additional 59 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new stake in Xerox Corp during the fourth quarter worth approximately $102,000. Its book value per share for the most recent quarter is $4.85 while its price to book ratio for the same period is 1.46, as for as the company's cash per share for the most recent quarter is $1.03, however its price to cash per share ratio for the same period is 6.91. HighTower Advisors LLC now owns 249,886 shares of the information technology services provider's stock worth $2,519,000 after buying an additional 34,589 shares during the period. Stock institutional ownership is 85.20% while insider ownership includes 0.40%.

Xerox Corporation (NYSE:XRX) last session's volume of 8.54 million shares was higher than its average volume of 7.97 million shares. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 13.11. Xerox Corp has a 52-week low of $5.72 and a 52-week high of $7.69.

Summit Materials, Inc. (SUM) observed trading 0.29% away from the 20-day moving average and 4.79% off from its 50-day simple moving average. Wall Street is only getting more bullish on the stock, with 7 of analysts who cover XRX having a buy-equivalent rating.

Typically bull markets are times when investors may be willing to be a bit more speculative with stock selection.

Xerox Corp (NYSE:XRX) last announced its quarterly earnings data on Tuesday, April 25th. The information technology services provider reported $0.15 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.16 by $0.01. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. Xerox Corp had a net margin of 3.53% and a return on equity of 13.39%. The firm's revenue for the quarter was down 6.2% compared to the same quarter previous year. During the same quarter in the prior year, the business earned $0.22 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.25 dividend on an annualized basis and a yield of 3.57%. Morgan Stanley lowered their price objective on shares of Xerox Corp from $8.50 to $8.00 and set an "overweight" rating on the stock in a report on Wednesday, April 26th. Finally, Credit Suisse Group AG reiterated a "buy" rating and issued a $8.00 price objective on shares of Xerox Corp in a research note on Friday, March 31st. ValuEngine downgraded Xerox Corp from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. The consensus recommendation by Thomson Reuters Analysts is Outperform for KEYS and their mean rating for the stock is 1.62 on scale of 1-5. Xerox Corp presently has a consensus rating of "Hold" and a consensus price target of $9.16.

Insider Trades for Xerox Corporation show that the latest trade was made on 30 April 2017 where Omar (Yehia Abouelmaaty), the Officer completed a transaction type "Sell" in which 29375 shares were traded at a price of $7.09.

The Relative Volume of the company is 0.76 and Average Volume (3 months) is 11.42 million. They now have a Dollars 15 price target on the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company stock is -0.08% away from its one year high and is moving 48.57% ahead of its one year low.

02/01/2017 - Xerox Corporation had its "underweight" rating reiterated by analysts at Barclays.

Xerox Corporation is engaged in imaging, business process, analytics, automation and user-centric insights.

Two other important profitability ratios for investors to know are both returns-based ratios that measure a company's ability to create wealth for shareholders. The Company's Services segment includes service offerings, such as BPO and Document Outsourcing (DO).