Analysts Set DXC Technology (NYSE:DXC) Price Target at $20.89

Shares of DXC Technology (NYSE:DXC) have been assigned an average rating of “Reduce” from the nine research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $20.89.

Several equities analysts recently issued reports on DXC shares. JPMorgan Chase & Co. upped their price objective on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Susquehanna increased their price objective on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets boosted their target price on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th.

Institutional Investors Weigh In On DXC Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the business. William B. Walkup & Associates Inc. bought a new stake in DXC Technology during the second quarter valued at approximately $26,000. Fifth Third Bancorp grew its position in shares of DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after acquiring an additional 559 shares during the period. Family Firm Inc. purchased a new stake in shares of DXC Technology in the 2nd quarter worth $37,000. Matrix Trust Co bought a new position in DXC Technology in the 3rd quarter worth $43,000. Finally, Prospera Private Wealth LLC purchased a new position in DXC Technology during the third quarter valued at $49,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Trading Down 2.1 %

DXC Technology stock opened at $20.50 on Friday. DXC Technology has a 12 month low of $14.78 and a 12 month high of $24.83. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The business’s fifty day simple moving average is $21.36 and its two-hundred day simple moving average is $20.30. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 256.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.65.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.72 by $0.21. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same period in the prior year, the firm posted $0.70 EPS. As a group, equities analysts predict that DXC Technology will post 3.18 earnings per share for the current fiscal year.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).