Evercore ISI Downgrades DXC Technology Company (DXC) to Hold

By Carrie Williams

DXC Technology Company (DXCResearch Report) received a Hold rating from Evercore ISI analyst Rayna Kumar on September 12. The company’s shares closed last Monday at $32.70, close to its 52-week low of $30.10.

According to TipRanks.com, Kumar is ranked #2274 out of 5551 analysts.

DXC Technology Company has an analyst consensus of Moderate Buy, with a price target consensus of $60, which is an 81.2% upside from current levels. In a report issued on September 12, CFRA also maintained a Hold rating on the stock.

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Based on DXC Technology Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.89 billion and net profit of $163 million. In comparison, last year the company earned revenue of $5.28 billion and had a net profit of $259 million.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DXC in relation to earlier this year.

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DXC Technology Co. provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS).