http://www.americanbankingnews.com/getthestreet upgraded shares of Xerox (NYSE: XRX) from a hold rating to a buy rating in a report released on Wednesday.
“Xerox Corporation (XRX) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
,” TheStreet’s analyst wrote.
Shares of Xerox traded down 0.56% during mid-day trading on Wednesday, hitting $7.985. Xerox has a one year low of $6.10 and a one year high of $8.55. The stock’s 50-day moving average is currently $7.61. The company has a market cap of $9.772 billion and a P/E ratio of 9.10.
A number of other firms have also recently commented on XRX. Analysts at Zacks reiterated a neutral rating on shares of Xerox in a research note to investors on Tuesday, January 29th. They now have a $8.75 price target on the stock. Separately, analysts at BMO Capital Markets upgraded shares of Xerox from a market perform rating to an outperform rating in a research note to investors on Monday, January 28th. They now have a $10.00 price target on the stock, up previously from $9.00. Finally, analysts at Deutsche Bank reiterated a hold rating on shares of Xerox in a research note to investors on Friday, January 25th. They now have a $7.00 price target on the stock.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
