SunTrust Banks Boosts DXC Technology (DXC) Price Target to $72.00

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DXC Technology (NYSE:DXC) had its price target lifted by SunTrust Banks to $72.00 in a research report report published on Monday, The Fly reports. The firm currently has a hold rating on the stock.

Several other research analysts have also issued reports on DXC. Zacks Investment Research lowered DXC Technology from a hold rating to a sell rating in a report on Tuesday, October 16th. BMO Capital Markets reiterated a buy rating on shares of DXC Technology in a report on Wednesday, October 24th. ValuEngine lowered DXC Technology from a hold rating to a sell rating in a report on Wednesday, October 24th. Cantor Fitzgerald reiterated a hold rating and issued a $70.00 price target on shares of DXC Technology in a report on Wednesday, November 7th. Finally, Berenberg Bank cut their price target on DXC Technology to $80.00 and set a hold rating on the stock in a report on Friday, November 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. DXC Technology presently has an average rating of Buy and a consensus target price of $91.42.

Shares of DXC Technology stock opened at $67.24 on Monday. DXC Technology has a one year low of $49.19 and a one year high of $107.85. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.04 and a current ratio of 1.00. The stock has a market cap of $18.83 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.53.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, February 7th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.04 by $0.19. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.16 billion. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.86 EPS. Equities research analysts expect that DXC Technology will post 8.2 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Strategic Wealth Partners Ltd. increased its position in shares of DXC Technology by 3,925.0% during the third quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock valued at $30,000 after acquiring an additional 314 shares during the last quarter. IMS Capital Management purchased a new stake in shares of DXC Technology during the third quarter valued at approximately $36,000. Benjamin F. Edwards & Company Inc. increased its position in shares of DXC Technology by 148.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock valued at $31,000 after acquiring an additional 350 shares during the last quarter. Bruderman Asset Management LLC increased its position in shares of DXC Technology by 1,365.1% during the fourth quarter. Bruderman Asset Management LLC now owns 630 shares of the company’s stock valued at $34,000 after acquiring an additional 587 shares during the last quarter. Finally, Rational Advisors LLC increased its position in shares of DXC Technology by 203.5% during the fourth quarter. Rational Advisors LLC now owns 695 shares of the company’s stock valued at $37,000 after acquiring an additional 466 shares during the last quarter. 88.27% of the stock is owned by institutional investors.

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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