DXC Technology - DXC Stock Forecast, Price & News

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering, consulting, and data analytics solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business. It also uses various technologies and methods to accelerate the creation, modernization, delivery, and maintenance of secure applications allowing customers to innovate faster while reducing risk, time to market, and total cost of ownership. In addition, this segment offers business process services, which include integration and optimization of front and back office processes, and agile process automation. The GIS segment adapts legacy apps to cloud, migrate the right workloads, and securely manage their multi-cloud environments; and offers security solutions help predict attacks, proactively respond to threats, and ensure compliance, as well as to protect data, applications, and infrastructure. It also provides IT outsourcing services to help customers securely and cost-effectively run mission-critical systems and IT infrastructure. In addition, this segment offers workplace services to fit its customer's employee, business, and IT needs from intelligent collaboration; and modern device management, digital support services, and mobility services. DXC Technology Company is headquartered in Ashburn, Virginia.

DXC Technology Price Performance

Shares of DXC traded down $0.03 during mid-day trading on Thursday, reaching $26.30. The company had a trading volume of 61,740 shares, compared to its average volume of 1,665,096. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $6.05 billion, a P/E ratio of 11.91, a P/E/G ratio of 0.57 and a beta of 2.02. DXC Technology has a twelve month low of $25.07 and a twelve month high of $41.91. The company's 50-day moving average is $30.63 and its 200-day moving average is $31.48.

DXC Technology (NYSE:DXC - Get Rating) last issued its earnings results on Wednesday, May 25th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.16). DXC Technology had a net margin of 3.42% and a return on equity of 16.61%. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. On average, equities analysts anticipate that DXC Technology will post 3.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DXC. Royal Bank of Canada reduced their target price on DXC Technology from $39.00 to $34.00 and set an "outperform" rating for the company in a report on Thursday, August 4th. Cowen lowered their target price on shares of DXC Technology to $41.00 in a research note on Friday, July 22nd. JPMorgan Chase & Co. dropped their target price on shares of DXC Technology from $39.00 to $33.00 in a report on Wednesday, July 20th. BMO Capital Markets decreased their price target on shares of DXC Technology from $37.00 to $36.00 and set an "outperform" rating for the company in a report on Thursday, August 4th. Finally, Citigroup cut their price objective on DXC Technology from $40.00 to $38.00 in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, DXC Technology has a consensus rating of "Hold" and an average target price of $37.92.