DXC Technology (NYSE:DXC) Price Target Lowered to $41.00 at Susquehanna

DXC Technology (NYSE:DXC – Get Rating) had its target price cut by Susquehanna from $42.00 to $41.00 in a research note issued to investors on Thursday morning, The Fly reports.

A number of other research firms have also weighed in on DXC. JPMorgan Chase & Co. lowered their price objective on shares of DXC Technology from $41.00 to $39.00 and set an underweight rating for the company in a research note on Tuesday, March 22nd. Bank of America lowered shares of DXC Technology from a buy rating to an underperform rating and lowered their price objective for the stock from $45.00 to $30.00 in a research note on Wednesday, March 9th. Zacks Investment Research raised shares of DXC Technology from a sell rating to a hold rating and set a $37.00 price objective for the company in a research note on Friday, February 4th. Cowen lowered their price objective on shares of DXC Technology from $50.00 to $45.00 in a research note on Thursday, February 3rd. Finally, Citigroup reduced their target price on shares of DXC Technology from $45.00 to $43.00 in a report on Wednesday, April 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $39.93.

Shares of DXC opened at $35.08 on Thursday. The firm has a market capitalization of $8.58 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.32 and a beta of 2.15. DXC Technology has a 12-month low of $27.28 and a 12-month high of $44.18. The company has a current ratio of 1.09, a quick ratio of 1.12 and a debt-to-equity ratio of 0.76. The firm has a fifty day moving average price of $30.75 and a 200-day moving average price of $31.88.

DXC Technology (NYSE:DXC – Get Rating) last issued its earnings results on Wednesday, May 25th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.15). The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.12 billion. DXC Technology had a net margin of 4.41% and a return on equity of 17.08%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 earnings per share. Analysts predict that DXC Technology will post 3.95 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. Ellevest Inc. lifted its position in shares of DXC Technology by 141.3% during the 1st quarter. Ellevest Inc. now owns 753 shares of the company’s stock valued at $25,000 after buying an additional 441 shares in the last quarter. Cornerstone Advisory LLC purchased a new position in shares of DXC Technology during the 4th quarter valued at approximately $37,000. Herold Advisors Inc. purchased a new position in shares of DXC Technology during the 1st quarter valued at approximately $46,000. Assetmark Inc. lifted its position in shares of DXC Technology by 105.2% during the 3rd quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock valued at $48,000 after buying an additional 731 shares in the last quarter. Finally, Covestor Ltd purchased a new position in shares of DXC Technology during the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 89.41% of the company’s stock.

DXC Technology Company Profile (Get Rating)

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 and solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.

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