Xerox Stock Forecast, Price & News

Xerox's stock was trading at $27.84 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, XRX stock has decreased by 31.6% and is now trading at $19.03.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Xerox in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Xerox is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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Xerox Corp (NYSE:XRX) released its earnings results on Tuesday, July, 28th. The information technology services provider reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.22. The information technology services provider had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.55 billion. Xerox had a return on equity of 11.87% and a net margin of 13.35%. The business's quarterly revenue was down 35.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share.
View Xerox's earnings history.

Xerox announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.25 per share on Friday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date is Tuesday, September 29th.
View Xerox's dividend history.

Shares of Xerox reverse split on Wednesday, June 14th 2017. The 1-4 reverse split was announced on Tuesday, May 23rd 2017. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, June 13th 2017. An investor that had 100 shares of Xerox stock prior to the reverse split would have 25 shares after the split.

5 analysts have issued 12-month price objectives for Xerox's shares. Their forecasts range from $13.00 to $21.00. On average, they anticipate Xerox's share price to reach $18.20 in the next year. This suggests that the stock has a possible downside of 4.4%.
View analysts' price targets for Xerox.

Xerox saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 7,470,000 shares, an increase of 12.2% from the July 30th total of 6,660,000 shares. Based on an average daily trading volume, of 4,270,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 3.7% of the shares of the company are sold short.
View Xerox's Short Interest.

Some companies that are related to Xerox include Logitech International (LOGI), SEIKO EPSON COR/ADR (SEKEY), FireEye (FEYE), HTC (HTCXF), Forescout Technologies (FSCT), Stratasys (SSYS), Mitek Systems (MITK), Immersion (IMMR), RADCOM (RDCM), Creative Technology (CREAF), Identiv (INVE), Key Tronic (KTCC), AstroNova (ALOT), Interlink Electronics (LINK) and TransAct Technologies (TACT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Xerox investors own include General Electric (GE), Bank of America (BAC), Intel (INTC), Walgreens Boots Alliance (WBA), AT&T (T), Cisco Systems (CSCO), Carnival (CCL), Wolverine World Wide (WWW), Wendys (WEN) and NVIDIA (NVDA).

Xerox trades on the New York Stock Exchange (NYSE) under the ticker symbol "XRX."

Xerox's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.87%), Bank of New York Mellon Corp (3.20%), LSV Asset Management (3.01%), AQR Capital Management LLC (2.97%), Robeco Institutional Asset Management B.V. (0.90%) and First Trust Advisors LP (0.74%). Company insiders that own Xerox stock include Carl C Icahn, Cheryl Gordon Krongard, Herve Tessler and Michael David Feldman.
View institutional ownership trends for Xerox.

XRX stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, FMR LLC, FMR LLC, Goldman Sachs Group Inc., TIG Advisors LLC, Vanguard Group Inc., APG Asset Management N.V., and Skandinaviska Enskilda Banken AB publ.
View insider buying and selling activity for Xerox.

XRX stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Wasatch Advisors Inc., Jacobs Levy Equity Management Inc., Ontario Teachers Pension Plan Board, Great West Life Assurance Co. Can, AJO LP, Russell Investments Group Ltd., and Mackay Shields LLC. Company insiders that have bought Xerox stock in the last two years include Carl C Icahn, and Cheryl Gordon Krongard.
View insider buying and selling activity for Xerox.

Shares of XRX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of XRX stock can currently be purchased for approximately $19.03.

Xerox has a market capitalization of $4.05 billion and generates $9.07 billion in revenue each year. The information technology services provider earns $1.35 billion in net income (profit) each year or $3.55 on an earnings per share basis. Xerox employs 27,000 workers across the globe.

The official website for Xerox is www.xerox.com.

Xerox's mailing address is P.O. Box 4505 201 Merritt 7, Norwalk CT, 06851. The information technology services provider can be reached via phone at 203-968-3000 or via email at [email protected]