Loop Capital Markets analyst Ananda Baruah maintained a Hold rating on Xerox (XRX – Research Report) today and set a price target of $17.00. The company’s shares closed last Friday at $15.67.
Baruah covers the Technology sector, focusing on stocks such as Mobileye Global, Inc. Class A, Maxlinear, and NetApp. According to TipRanks, Baruah has an average return of 5.8% and a 53.48% success rate on recommended stocks.
Currently, the analyst consensus on Xerox is a Moderate Sell with an average price target of $15.33.
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XRX market cap is currently $2.45B and has a P/E ratio of -11.63.
Based on the recent corporate insider activity of 47 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 XRX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Xerox Holdings Corp. operates as a holding company. The firm through its subsidiary provides printing and digital document products and services. The company was founded on March 11, 2019 and is headquartered in Norwalk, CT.
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