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.
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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