DXC Technology (DXC) Shares Gap Up After Analyst Upgrade
DXC Technology Co (NYSE:DXC) gapped up before the market opened on Monday after SunTrust Banks raised their price target on the stock to $72.00. The stock had previously closed at $72.42, but opened at $69.21. SunTrust Banks currently has a hold rating on the stock. DXC Technology shares last traded at $67.99, with a volume of 1157424 shares traded.
A number of other brokerages have also weighed in on DXC. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, January 8th. BMO Capital Markets reduced their price objective on DXC Technology from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. Berenberg Bank reduced their price objective on DXC Technology to $80.00 and set a “hold” rating on the stock in a research report on Friday, November 9th. JPMorgan Chase & Co. restated an “overweight” rating and set a $83.00 price objective on shares of DXC Technology in a research report on Tuesday, November 13th. Finally, Cowen upgraded DXC Technology from a “market perform” rating to an “outperform” rating in a research report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $91.42.
Several large investors have recently made changes to their positions in the company. SOL Capital Management CO lifted its stake in shares of DXC Technology by 2.6% in the 4th quarter. SOL Capital Management CO now owns 6,792 shares of the company’s stock valued at $361,000 after purchasing an additional 174 shares during the period. Strategic Wealth Partners Ltd. lifted its stake in shares of DXC Technology by 3,925.0% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock valued at $30,000 after purchasing an additional 314 shares during the period. Cypress Capital Management LLC lifted its stake in shares of DXC Technology by 0.8% in the 4th quarter. Cypress Capital Management LLC now owns 39,303 shares of the company’s stock valued at $2,090,000 after purchasing an additional 328 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of DXC Technology by 148.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock valued at $31,000 after purchasing an additional 350 shares during the period. Finally, IMS Capital Management bought a new stake in DXC Technology in the 3rd quarter valued at about $36,000. 88.27% of the stock is currently owned by institutional investors.
DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, February 7th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.19. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same period in the previous year, the company posted $1.86 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. Equities analysts predict that DXC Technology Co will post 8.2 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This piece was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://theolympiareport.com/2019/02/11/dxc-technology-dxc-shares-gap-up-after-analyst-upgrade.html.
About DXC Technology (NYSE:DXC)
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).
Receive News & Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related companies with MarketBeat.com's FREE daily email newsletter.