Xerox Corporation (XRX) Given Media Impact Rating of 0.31

News articles about Xerox Corporation (NYSE:XRX) have trended positive on Sunday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Xerox Corporation earned a news sentiment score of 0.31 on Accern’s scale. Accern also assigned headlines about the information technology services provider an impact score of 47.6781378806897 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

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

Several brokerages have recently weighed in on XRX. BidaskClub raised shares of Xerox Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Barclays PLC raised shares of Xerox Corporation from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $27.00 to $33.00 in a research note on Monday, July 24th. Citigroup Inc. set a $39.00 price target on shares of Xerox Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine raised shares of Xerox Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, UBS AG decreased their price target on shares of Xerox Corporation from $36.00 to $34.50 and set a “neutral” rating for the company in a research note on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $35.50.

Shares of Xerox Corporation (NYSE:XRX) opened at $29.06 on Friday. The company has a market capitalization of $7,398.27, a P/E ratio of 8.65 and a beta of 1.14. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.97. Xerox Corporation has a twelve month low of $24.86 and a twelve month high of $34.13.

Xerox Corporation (NYSE:XRX) last released its quarterly earnings data on Thursday, October 26th. The information technology services provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.83 by $0.06. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. Xerox Corporation had a return on equity of 17.23% and a net margin of 5.29%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. analysts forecast that Xerox Corporation will post 3.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Thursday, December 28th. Xerox Corporation’s payout ratio is presently 48.31%.

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About Xerox Corporation

Xerox Corporation is a provider of digital print technology and related solutions. The Company has capabilities in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity. The Company’s primary offerings span three main areas: Managed Document Services, Workplace Solutions and Graphic Communications.

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