Conduent (NASDAQ:CNDT) Given "Sell (D)" Rating at Weiss Ratings

Key Points

• Conduent's stock has been given a "Sell (D)" rating by Weiss Ratings, which has been reaffirmed in a recent research report.
• Despite the negative rating from Weiss, other brokerages have upgraded Conduent's shares, including a upgrade to "strong-buy" by Singular Research.
• The company's most recent earnings report showed a net margin of 0.64% and revenue down 7.0% compared to the previous year.

Conduent (NASDAQ:CNDT - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages have also issued reports on CNDT. Wall Street Zen upgraded shares of Conduent from a "sell" rating to a "hold" rating in a research note on Saturday, August 23rd. Singular Research upgraded shares of Conduent to a "strong-buy" rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Conduent has an average rating of "Moderate Buy".

Conduent Trading Up 3.4%

NASDAQ CNDT traded up $0.09 during trading hours on Wednesday, reaching $2.77. The company had a trading volume of 738,955 shares, compared to its average volume of 945,602. The stock has a 50-day moving average of $2.71 and a 200 day moving average of $2.55. Conduent has a 1-year low of $1.90 and a 1-year high of $4.90. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $437.58 million, a P/E ratio of 69.27 and a beta of 1.35.

Conduent (NASDAQ:CNDT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.06. The company had revenue of $754.00 million for the quarter, compared to analysts' expectations of $777.00 million. Conduent had a net margin of 0.64% and a negative return on equity of 9.88%. Conduent's revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.14) earnings per share. As a group, research analysts anticipate that Conduent will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Conduent

Hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in shares of Conduent during the first quarter worth $28,000. Principal Financial Group Inc. acquired a new stake in Conduent in the first quarter valued at $28,000. Boothbay Fund Management LLC acquired a new stake in Conduent in the second quarter valued at $29,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Conduent in the first quarter valued at $32,000. Finally, IHT Wealth Management LLC acquired a new stake in Conduent in the second quarter valued at $34,000. 77.28% of the stock is owned by institutional investors and hedge funds.

Conduent Company Profile

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.