DXC Technology Company. (NYSE:DXC) Receives $17.00 Average Price Target from Analysts

Shares of DXC Technology Company. (NYSE:DXC - Get Free Report) have been given a consensus rating of "Reduce" by the six ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $17.00.

A number of analysts have commented on DXC shares. JPMorgan Chase & Co. decreased their price objective on DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a report on Wednesday, May 21st. Morgan Stanley decreased their price objective on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating for the company in a report on Thursday, May 15th. Susquehanna decreased their price objective on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Royal Bank Of Canada decreased their price objective on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Finally, BMO Capital Markets reduced their target price on DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a report on Thursday, May 15th.

DXC Technology Stock Up 3.0%

DXC stock traded up $0.46 during trading on Tuesday, reaching $16.05. 1,730,762 shares of the stock were exchanged, compared to its average volume of 1,486,775. The firm's 50 day moving average is $15.51 and its 200 day moving average is $17.46. DXC Technology has a twelve month low of $13.44 and a twelve month high of $24.83. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a market cap of $2.91 billion, a P/E ratio of 7.61, a price-to-earnings-growth ratio of 4.28 and a beta of 1.20.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.13 billion. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. As a group, research analysts forecast that DXC Technology will post 3.35 EPS for the current year.

Hedge Funds Weigh In On DXC Technology

Large investors have recently made changes to their positions in the stock. Millennium Management LLC grew its position in shares of DXC Technology by 1,765.9% in the first quarter. Millennium Management LLC now owns 1,652,331 shares of the company's stock valued at $28,172,000 after purchasing an additional 1,563,775 shares in the last quarter. American Century Companies Inc. grew its position in shares of DXC Technology by 18.5% in the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock valued at $116,223,000 after purchasing an additional 907,004 shares in the last quarter. Norges Bank purchased a new position in shares of DXC Technology in the fourth quarter valued at $17,399,000. LSV Asset Management grew its position in shares of DXC Technology by 22.7% in the first quarter. LSV Asset Management now owns 4,151,398 shares of the company's stock valued at $70,781,000 after purchasing an additional 769,026 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of DXC Technology in the first quarter valued at $10,830,000. 96.20% of the stock is owned by institutional investors.

DXC Technology Company Profile

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).