Brean Capital Reiterates a Hold Rating on Xerox Corp.

By Carrie Williams

In a report released today, Ananda Baruah from Brean Capital reiterated a Hold rating on Xerox Corp. (NYSE: XRX). The company’s shares opened today at $9.81.

According to TipRanks.com, Baruah is a 3-star analyst with an average return of 1.0% and a 50.7% success rate. Baruah covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Electronics for Imaging, and Lexmark International.

Currently, the analyst consensus on Xerox Corp. is Hold and the average price target is $10, representing a 1.9% upside.

In a report issued on October 28, BMO Capital also reiterated a Hold rating on the stock.

Xerox Corp.’s market cap is currently $9.97B and has a P/E ratio of 24. The company has a book value ratio of 1.0864.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock. Most recently, in July 2015, Jeffrey Jacobson, the EVP of XRX sold 23,382 shares for a total of $249,720.

Xerox Corp. provides business process and document management solutions. It provides document technology, services, software and supplies for graphic communication and office printing environments of any size. Its operates through three segments: Services, Document Technology, and Other. The Services segment is comprised of business process outsourcing and document outsourcing. The Business process outsourcing provides multi-industry offerings such as customer care, transaction processing, finance and accounting, and human resources, as well as industry focused offerings in areas such as healthcare, transportation, financial services, retail and telecommunications. The Document outsourcing includes managed print services and communication and marketing services. The Document Technology segment includes the sale of products and supplies, as well as the associated technical service and financing of those products which are not related to document outsourcing contracts. The Other segment includes paper sales in developing market countries, wide-format systems, licensing revenue, Global Imaging Systems network integration solutions and non-allocated corporate items, including Other expenses, net. The company was founded in 1906 and is headquartered in Norwalk, CT.