Conduent Incorporated (NASDAQ: CNDT) Given the average rating of “Conserve” by analysts
Shares of Conduent Incorporated (NASDAQ: CNDT) received an average “hold” recommendation from the six analysts who cover the stock, Marketbeat reports. One analyst rated the stock with a sell rating and four gave the company a conservation rating. The 12-month average target price among brokers who issued stock ratings in the past year is $ 7.50.
A number of brokerage firms have published reports on CNDT. Cowen lowered his price target on Conduent from $ 7.50 to $ 6.00 and established a “market performance” rating for the company in a research note on Friday, November 26. Needham & Company LLC reduced Conduent from a “buy” note to a “keep” note in a Tuesday, November 9th research note. TheStreet changed Conduent from a “d” note to a “c-” note in a Wednesday October 13th research note. The Maxim group upgraded Conduent to a “market performance” rating in a research note on Wednesday, December 1. Finally, Zacks investment research reduced Leads from a “hold” note to a “sell” note in a Wednesday, December 1 research note.
A number of large investors have recently increased or reduced their holdings in CNDT. Advisory Services Network LLC purchased a new stake in Conduent during the second quarter valued at approximately $ 26,000. Macquarie Group Ltd. purchased a new stake in Conduent during the second quarter valued at approximately $ 27,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new interest in Conduent during the second quarter valued at approximately $ 31,000. CM Bidwell & Associates Ltd. purchased a new stake in Conduent during the second quarter valued at approximately $ 45,000. Finally, Blueshift Asset Management LLC purchased a new position in Conduent shares in the third quarter valued at approximately $ 69,000. 77.33% of the shares are held by institutional investors and hedge funds.
CNDT shares traded up $ 0.09 during trading hours on Friday, reaching $ 5.36. The company’s shares had a trading volume of 716,835 shares, compared to its average volume of 1,443,849. The stock has a market capitalization of $ 1.14 billion, a P / E ratio of -107, 18 and a beta of 1.92. Lead has a one-year minimum of $ 4.54 and a one-year maximum of $ 8.50. The company’s fifty-day simple moving average is $ 5.83 and its 200-day simple moving average is $ 6.61. The company has a current ratio of 1.53, a quick ratio of 1.53, and a debt ratio of 1.17.
Conduent (NASDAQ: CNDT) last released its results on Thursday, November 4. The company reported EPS of $ 0.19 for the quarter, beating the consensus estimate of $ 0.16 by $ 0.03 by the Zacks. The company reported $ 1.04 billion in revenue in the quarter, compared to analysts’ expectations of $ 1.04 billion. Conduent reported a return on equity of 14.56% and a net margin of 0.02%. The company’s revenue for the quarter was down 0.3% from the same quarter last year. In the same quarter of last year, the company posted EPS of $ 0.26. As a group, equity research analysts expect Conduent to post earnings per share of 0.69 for the current fiscal year.
Conduent, Inc is committed to providing business process services with expertise in transaction intensive processing, analysis and automation. It operates in the following segments: Commercial industries, government services and transportation. The Business Industries segment provides business process services and customized solutions to clients in various industries.
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