Conduent (CNDT) Getting Somewhat Favorable Press Coverage, Study Shows

News coverage about Conduent (NASDAQ:CNDT) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Conduent earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.6475171149901 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

Several research analysts recently issued reports on CNDT shares. BMO Capital Markets reiterated a “hold” rating and issued a $18.00 price target on shares of Conduent in a research note on Thursday, September 28th. BidaskClub lowered shares of Conduent from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 21st. Needham & Company LLC started coverage on shares of Conduent in a research note on Wednesday, September 13th. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Conduent from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Cowen and Company reiterated a “hold” rating on shares of Conduent in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Conduent has an average rating of “Hold” and an average target price of $18.14.

Shares of Conduent (NASDAQ CNDT) opened at $15.35 on Friday.

Conduent (NASDAQ:CNDT) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. Conduent had a negative net margin of 0.27% and a negative return on equity of 0.48%. The firm’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS.

In other Conduent news, EVP David Amoriell sold 106,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $17.01, for a total value of $1,811,565.00. Following the sale, the executive vice president now owns 120,630 shares in the company, valued at $2,051,916.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/11/04/conduent-cndt-getting-somewhat-favorable-press-coverage-study-shows.html.

Conduent Company Profile

Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).

Insider Buying and Selling by Quarter for Conduent (NASDAQ:CNDT)

What are top analysts saying about Conduent Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Conduent Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit