DXC Technology (NYSE:DXC) had its price objective lifted by SunTrust Banks to $72.00 in a research report sent to investors on Monday, The Fly reports. They currently have a hold rating on the stock.
Other analysts have also issued reports about the stock. BMO Capital Markets reiterated a buy rating on shares of DXC Technology in a research report on Wednesday, October 24th. ValuEngine downgraded shares of DXC Technology from a hold rating to a sell rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. reissued an overweight rating and set a $83.00 price target on shares of DXC Technology in a report on Tuesday, November 13th. Cantor Fitzgerald reissued a hold rating and set a $70.00 price target on shares of DXC Technology in a report on Wednesday, November 7th. Finally, Zacks Investment Research downgraded shares of DXC Technology from a hold rating to a sell rating in a report on Tuesday, October 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $91.42.
Shares of DXC Technology stock opened at $67.20 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53. DXC Technology has a twelve month low of $49.19 and a twelve month high of $107.85. The stock has a market cap of $18.78 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 1.28 and a beta of 1.53.
DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, February 7th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.19. DXC Technology had a net margin of 7.09% and a return on equity of 19.78%. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period in the previous year, the business earned $1.86 EPS. The firm’s revenue was down 5.2% on a year-over-year basis. Research analysts forecast that DXC Technology will post 8.2 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Strategic Wealth Partners Ltd. raised its stake in shares of DXC Technology by 3,925.0% in the third quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock worth $30,000 after acquiring an additional 314 shares during the last quarter. IMS Capital Management bought a new position in shares of DXC Technology in the third quarter worth about $36,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of DXC Technology by 148.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock worth $31,000 after acquiring an additional 350 shares during the last quarter. Bruderman Asset Management LLC raised its stake in shares of DXC Technology by 1,365.1% in the fourth quarter. Bruderman Asset Management LLC now owns 630 shares of the company’s stock worth $34,000 after acquiring an additional 587 shares during the last quarter. Finally, Rational Advisors LLC raised its stake in shares of DXC Technology by 203.5% in the fourth quarter. Rational Advisors LLC now owns 695 shares of the company’s stock worth $37,000 after acquiring an additional 466 shares during the last quarter. 88.27% of the stock is owned by institutional investors.
DXC Technology Company Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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