Analysts Set DXC Technology (NYSE:DXC) PT at $20.89

DXC Technology (NYSE:DXC) has received an average recommendation of “Reduce” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $20.88.

A number of analysts have recently commented on DXC shares. BMO Capital Markets boosted their price target on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Susquehanna boosted their price target on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th.

DXC Technology Stock Performance

DXC Technology stock opened at $20.51 on Tuesday. The stock’s 50 day simple moving average is $21.11 and its two-hundred day simple moving average is $20.53. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 256.34, a PEG ratio of 1.26 and a beta of 1.66. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $24.83.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.21. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same period in the previous year, the firm posted $0.70 EPS. As a group, analysts expect that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DXC Technology

A number of hedge funds have recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new stake in DXC Technology during the 2nd quarter valued at $26,000. Matrix Trust Co purchased a new stake in DXC Technology during the 3rd quarter valued at $43,000. Prospera Private Wealth LLC purchased a new stake in DXC Technology during the 3rd quarter valued at $49,000. GAMMA Investing LLC raised its stake in DXC Technology by 48.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock valued at $71,000 after buying an additional 1,122 shares during the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in DXC Technology during the 3rd quarter valued at $79,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).