DXC Technology (NYSE:DXC) Price Target Cut to $26.00

DXC Technology (NYSE:DXC) had its target price dropped by equities researchers at Citigroup from $31.00 to $26.00 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the stock. Citigroup‘s price objective would indicate a potential upside of 67.96% from the company’s previous close.

A number of other brokerages also recently weighed in on DXC. Zacks Investment Research raised shares of DXC Technology from a “sell” rating to a “hold” rating and set a $20.00 price target for the company in a report on Wednesday, April 29th. Moffett Nathanson raised shares of DXC Technology from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Thursday, March 12th. Wells Fargo & Co reissued a “sell” rating and issued a $17.00 price target (down from $18.00) on shares of DXC Technology in a report on Tuesday, April 14th. ValuEngine downgraded shares of DXC Technology from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 17th. Finally, Morgan Stanley reissued a “buy” rating and issued a $35.00 price target on shares of DXC Technology in a report on Wednesday, March 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. DXC Technology presently has an average rating of “Hold” and a consensus price target of $40.69.

DXC stock traded down $0.37 during trading on Thursday, hitting $15.48. The company had a trading volume of 5,047,156 shares, compared to its average volume of 3,731,510. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 2.42 and a beta of 2.46. The business has a 50 day moving average of $15.57 and a 200 day moving average of $26.71. DXC Technology has a fifty-two week low of $7.90 and a fifty-two week high of $57.23. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.80.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its holdings in DXC Technology by 16.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 279,207 shares of the company’s stock worth $3,643,000 after buying an additional 38,511 shares during the period. Clearbridge Investments LLC raised its holdings in DXC Technology by 116.5% during the 1st quarter. Clearbridge Investments LLC now owns 5,563,505 shares of the company’s stock worth $72,604,000 after buying an additional 2,993,903 shares during the period. APG Asset Management N.V. increased its holdings in shares of DXC Technology by 35.7% in the 1st quarter. APG Asset Management N.V. now owns 416,260 shares of the company’s stock valued at $5,432,000 after purchasing an additional 109,600 shares during the period. Elephas Investment Management Ltd acquired a new position in shares of DXC Technology in the 1st quarter valued at about $2,166,000. Finally, ZWJ Investment Counsel Inc. increased its holdings in shares of DXC Technology by 291.8% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 192,125 shares of the company’s stock valued at $2,507,000 after purchasing an additional 143,088 shares during the period. Hedge funds and other institutional investors own 91.35% of the company’s stock.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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Analyst Recommendations for DXC Technology (NYSE:DXC)

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