Market Analysts see DXC Technology Company [DXC] falling to $31. Time to buy?

DXC Technology Company [NYSE: DXC] closed the trading session at $27.40 on 10/04/22. The day’s price range saw the stock hit a low of $26.41, while the highest price level was $28.459. The company report on October 4, 2022 that DXC Technology Statement.

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DXC Technology (NYSE: DXC), confirmed today that management has been approached by a financial sponsor regarding a potential acquisition of the Company. Management remains focused on the Company’s transformation journey. Consistent with its fiduciary responsibility to maximize shareholder value, the Company is engaged in preliminary discussions and is sharing information.

However, to date no formal proposal has been received. There are no assurances that any proposal will be received or determined to be adequate by the Board of Directors. The Company does not intend to comment further on market rumors or developments unless it deems additional disclosure to be appropriate or required. The Company remains focused on delivering for its customers and colleagues as it executes its transformation journey.

The stocks have a year to date performance of -14.88 percent and weekly performance of 17.40 percent. The stock has been moved at -14.00 percent over the last six months. The stock has performed -0.29 percent around the most recent 30 days and changed -6.55 percent over the most recent 3-months.

If compared to the average trading volume of 2.62M shares, DXC reached to a volume of 8078033 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about DXC Technology Company [DXC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DXC shares is $34.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DXC stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Susquehanna have made an estimate for DXC Technology Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 16, 2022. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $45 to $30. The new note on the price target was released on March 09, 2022, representing the official price target for DXC Technology Company stock. Previously, the target price had yet another raise to $40, while MoffettNathanson analysts kept a Neutral rating on DXC stock.

The Average True Range (ATR) for DXC Technology Company is set at 1.63, with the Price to Sales ratio for DXC stock in the period of the last 12 months amounting to 0.40. The Price to Book ratio for the last quarter was 1.35, with the Price to Cash per share for the same quarter was set at 9.54. Price to Free Cash Flow for DXC in the course of the last twelve months was 4.32 with Quick ratio for the last quarter at 1.10.

DXC stock trade performance evaluation

DXC Technology Company [DXC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.40. With this latest performance, DXC shares dropped by -0.29% in over the last four-week period, additionally sinking by -14.00% over the last 6 months – not to mention a drop of -21.06% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DXC stock in for the last two-week period is set at 56.76, with the RSI for the last a single of trading hit 62.44, and the three-weeks RSI is set at 53.41 for DXC Technology Company [DXC]. The present Moving Average for the last 50 days of trading for this stock 26.74, while it was recorded at 25.34 for the last single week of trading, and 30.53 for the last 200 days.

DXC Technology Company [DXC]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and DXC Technology Company [DXC] shares currently have an operating margin of +2.97 and a Gross Margin at +10.94. DXC Technology Company’s Net Margin is presently recorded at +4.41.

Return on Equity for this stock inclined to 14.32, with Return on Assets sitting at 3.40.

DXC Technology Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Earnings per share (EPS) analysis for DXC Technology Company [DXC] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DXC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DXC Technology Company go to 16.30%.

DXC Technology Company [DXC]: Insider Ownership positions

There are presently around $5,470 million, or 91.20% of DXC stock, in the hands of institutional investors. The top three institutional holders of DXC stocks are: VANGUARD GROUP INC with ownership of 27,240,820, which is approximately -0.44% of the company’s market cap and around 0.70% of the total institutional ownership; FRANKLIN RESOURCES INC, holding 17,140,250 shares of the stock with an approximate value of $469.64 million in DXC stocks shares; and BLACKROCK INC., currently with $434.26 million in DXC stock with ownership of nearly 4.49% of the company’s market capitalization.

Positions in DXC Technology Company stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 216 institutional holders increased their position in DXC Technology Company [NYSE:DXC] by around 15,820,228 shares. Additionally, 238 investors decreased positions by around 25,563,805 shares, while 130 investors held positions by with 158,266,031 shares. The mentioned changes placed institutional holdings at 199,650,064 shares, according to the latest SEC report filing. DXC stock had 57 new institutional investments in for a total of 2,519,799 shares, while 69 institutional investors sold positions of 12,055,960 shares during the same period.


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