The shares of Conduent Incorporated (NYSE:CNDT) has been pegged with a rating of Overweight by JP Morgan in its latest research note that was published on August 14th, 2018. JP Morgan wasn’t the only research firm that published a report of Conduent Incorporated, with other equities research analysts also giving their opinion on the stock. Susquehanna advised investors in its research note published on March 7th, 2018, to Positive the CNDT stock while also putting a $23 price target. The stock had earned Buy rating from Needham when it published its report on March 6th, 2018. That day the Needham set price target on the stock to $25. The stock was given Buy rating by Cross Research in its report released on November 7th, 2017. Needham was of a view that CNDT is Hold in its latest report on September 14th, 2017. Citigroup thinks that CNDT is worth Buy rating. This was contained in the firm’s report on June 9th, 2017 in which the stock’s price target was also moved to $25.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $17.61. The price of the stock the last time has raised by 22.73% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 58.09.
The shares of the company added by 0.34% during the trading session on Friday, reaching a low of $11.68 while ending the day at $11.88. During the trading session, a total of 2.48 million shares were traded which represents a 0.88% incline from the average session volume which is 2.50M shares. CNDT had ended its last session trading at 11.84. Conduent Incorporated currently has a market cap of $2.50B while its P/E earnings growth sits at 0.45. Conduent Incorporated debt-to-equity ratio currently stands at 0.47, while its quick ratio hovers at 1.60. CNDT 52-week low price stands at $9.68 while its 52-week high price is $23.39.
The company in its last quarterly report recorded $0.28 earnings per share which is below the $0.28 predicted by most analysts. The Conduent Incorporated generated $1,304.00 million in revenue during the last quarter, which is slightly lower than the $1,338.29 million predicted by analysts. In the second quarter last year, the firm recorded $0.29 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -3.57%. Conduent Incorporated has the potential to record -1.29 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Pivotal Research Group published a research note on November 6th, 2018 where it informed investors and clients that Sysco Corporation (NYSE:SYY) is now rated as Sell. Their price target on the stock stands at $54. Susquehanna also rated SYY as Initiated on March 7th, 2018, with its price target of suggesting that SYY could surge by 11.3% from its current share price. Even though the stock has been trading at $63.26/share, analysts expect it to surge higher by -0.35% to reach $71.07/share. It started the day trading at $63.13 and traded between $62.54 and $63.04 throughout the trading session.
A look at its technical shows that SYY’s 50-day SMA is 65.07 while its 200-day SMA stands at 67.46. The stock has a high of $75.98 for the year while the low is $56.01. The company’s P/E ratio currently sits at 23.34, while the P/B ratio is 12.43. The company’s average trading volume currently stands at 3.21M shares, which means that the short-interest ratio is just 3.95 days. Over the past seven days, the company moved, with its shift of 1.92%. Looking further, the stock has dropped -10.47% over the past 90 days while it lost -9.74% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more SYY shares, increasing its portfolio by +3.92% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,541,247 shares in the last quarter, thus it now holds 40,825,427 shares of SYY, with a total valuation of $2,558,121,256. Trian Fund Management LP meanwhile sold more SYY shares in the recently filed quarter, changing its stake to $1,772,601,147 worth of shares. SSgA Funds Management Inc followed the path by increasing its SYY portfolio by +0.17% in the quarter. This means that SSgA Funds Management Inc bought 40,471 shares in the last quarter and now controls 23,601,606 shares of the SYY stock, with the valuation hitting $1,478,876,632.
Similarly, Wellington Management Co LLP decreased its Sysco Corporation shares by -14.12% during the recently filed quarter. After selling -3,309,597 shares in the last quarter, the firm now controls 20,122,017 shares of Sysco Corporation which are valued at $1,260,845,585. In the same vein, Capital Research Management Co decreased its Sysco Corporation shares by during the most recent reported quarter. The firm sold -215,028 shares during the quarter which decreased its stakes to 12,575,343 shares and is now valued at $787,970,992. Following these latest developments, around 0.20% of Sysco Corporation stocks are owned by institutional investors and hedge funds.