Conduent Incorporated (NASDAQ:CNDT) Receives $7.00 Consensus Price Target from Analysts

Shares of Conduent Incorporated (NASDAQ:CNDT – Get Rating) have been given a consensus recommendation of “Hold” by the six research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $7.00.

Several equities research analysts have recently issued reports on the company. Cowen lowered their price objective on Conduent from $6.00 to $5.00 in a research note on Thursday, February 17th. TheStreet lowered Conduent from a “c-” rating to a “d+” rating in a research note on Wednesday, February 9th. Finally, Zacks Investment Research raised Conduent from a “sell” rating to a “hold” rating in a research note on Wednesday.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNDT. Counterpoint Mutual Funds LLC purchased a new position in Conduent during the 4th quarter worth $26,000. Nisa Investment Advisors LLC increased its holdings in Conduent by 188.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,950 shares of the company’s stock worth $47,000 after purchasing an additional 6,500 shares during the period. Blueshift Asset Management LLC purchased a new position in Conduent during the 3rd quarter worth $69,000. Highland Capital Management LLC purchased a new position in shares of Conduent in the 4th quarter valued at $71,000. Finally, Goff John C purchased a new position in shares of Conduent in the 4th quarter valued at $75,000. Institutional investors own 78.00% of the company’s stock.

NASDAQ:CNDT opened at $5.60 on Tuesday. Conduent has a 1 year low of $4.12 and a 1 year high of $8.50. The business has a 50 day simple moving average of $4.83 and a 200-day simple moving average of $5.46. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.22.

Conduent (NASDAQ:CNDT – Get Rating) last posted its quarterly earnings data on Wednesday, February 16th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Conduent had a positive return on equity of 13.45% and a negative net margin of 0.68%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. Research analysts anticipate that Conduent will post 0.36 EPS for the current fiscal year.

About Conduent (Get Rating)

Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States, Europe, and internationally. It operates through three segments: Commercial Industries, Government Services, and Transportation. The Commercial Industries segment offers business process services and customized solutions to clients in various industries; and end-user customer experience management, transaction processing services, healthcare and human resource, and learning services.

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