DXC Technology (NYSE:DXC) had its price objective reduced by BMO Capital Markets from $88.00 to $70.00 in a report released on Tuesday morning, The Fly reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on the stock. KeyCorp dropped their price objective on shares of DXC Technology from $97.00 to $88.00 and set an overweight rating for the company in a research note on Monday. Goldman Sachs Group lowered shares of DXC Technology from a conviction-buy rating to a buy rating in a report on Monday, April 22nd. Finally, SunTrust Banks raised their target price on shares of DXC Technology to $72.00 and gave the stock a hold rating in a report on Monday, February 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. DXC Technology currently has an average rating of Buy and a consensus price target of $84.82.

Shares of NYSE:DXC opened at $51.98 on Tuesday. DXC Technology has a 52 week low of $49.19 and a 52 week high of $100.87. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 6.55, a price-to-earnings-growth ratio of 0.91 and a beta of 1.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.12. DXC Technology had a net margin of 7.09% and a return on equity of 19.78%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period last year, the company posted $2.28 EPS. The business’s revenue was down 5.4% on a year-over-year basis. As a group, research analysts expect that DXC Technology will post 8.25 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Kore Private Wealth LLC bought a new stake in DXC Technology during the 1st quarter valued at about $26,000. Benjamin F. Edwards & Company Inc. lifted its holdings in DXC Technology by 148.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock valued at $31,000 after buying an additional 350 shares in the last quarter. Cribstone Capital Management LLC lifted its holdings in DXC Technology by 187.1% during the 1st quarter. Cribstone Capital Management LLC now owns 491 shares of the company’s stock valued at $32,000 after buying an additional 320 shares in the last quarter. Bruderman Asset Management LLC lifted its holdings in DXC Technology by 1,365.1% during the 4th quarter. Bruderman Asset Management LLC now owns 630 shares of the company’s stock valued at $34,000 after buying an additional 587 shares in the last quarter. Finally, Rational Advisors LLC lifted its holdings in DXC Technology by 203.5% during the 4th quarter. Rational Advisors LLC now owns 695 shares of the company’s stock valued at $37,000 after buying an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 83.74% 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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