Press coverage about Xerox (NYSE:XRX) has trended somewhat negative on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Xerox earned a media sentiment score of -0.05 on Accern’s scale. Accern also assigned news headlines about the information technology services provider an impact score of 44.6701724668017 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Nikkei: Icahn, Deason cut Xerox stake after Fujifilm deal (seekingalpha.com)
- New York Metro Superlawyer Lynda J. Grant Investigates Xerox Board and Claims That It Defrauded Its Shareholders (finance.yahoo.com)
- Free Post Earnings Research Report: Xerox’s Quarterly Adjusted Earnings Increased 4%; Beat Estimates (finance.yahoo.com)
- Xerox Named as One of World’s Most Ethical Companies for 12th Consecutive Year (finance.yahoo.com)
- SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Xerox Corporation (XRX) (finance.yahoo.com)
Shares of Xerox (NYSE:XRX) traded up $0.05 during mid-day trading on Monday, reaching $30.55. 2,125,268 shares of the company’s stock were exchanged, compared to its average volume of 3,170,000. The company has a market cap of $7,780.00, a price-to-earnings ratio of 47.00 and a beta of 1.13. The company has a quick ratio of 1.57, a current ratio of 1.91 and a debt-to-equity ratio of 0.99. Xerox has a fifty-two week low of $26.64 and a fifty-two week high of $37.42.
Several analysts have recently weighed in on the stock. Loop Capital reiterated a “buy” rating on shares of Xerox in a research note on Thursday, February 1st. Standpoint Research reiterated a “hold” rating on shares of Xerox in a research note on Wednesday, January 31st. UBS Group upgraded shares of Xerox from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. JPMorgan Chase & Co. lowered their price objective on shares of Xerox from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, February 13th. Finally, Zacks Investment Research lowered shares of Xerox from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.72.
In other Xerox news, insider Carl C. Icahn sold 140,011 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $32.50, for a total transaction of $4,550,357.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Carl C. Icahn sold 1,161,404 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $34.49, for a total transaction of $40,056,823.96. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.
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Xerox Corporation is a provider of digital print technology and related solutions. The Company has capabilities in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity. The Company’s primary offerings span three main areas: Managed Document Services, Workplace Solutions and Graphic Communications.
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