Analysts Set Conduent Inc (CNDT) Target Price at $18.00

Conduent Inc (NASDAQ:CNDT) has been assigned an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $18.00.

Several analysts recently commented on CNDT shares. BMO Capital Markets restated a “hold” rating and issued a $18.00 target price on shares of Conduent in a research report on Thursday, September 28th. BidaskClub cut Conduent from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 21st. Needham & Company LLC started coverage on Conduent in a research report on Wednesday, September 13th. They issued a “hold” rating on the stock. Zacks Investment Research cut Conduent from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Cowen and Company restated a “hold” rating on shares of Conduent in a research report on Friday, October 6th.

Shares of Conduent (NASDAQ CNDT) traded up 0.52% on Wednesday, reaching $15.41. The company had a trading volume of 3,996,738 shares. The company’s market capitalization is $3.24 billion. Conduent has a 12 month low of $13.10 and a 12 month high of $18.15. The stock has a 50 day moving average price of $15.79 and a 200-day moving average price of $16.28.

Conduent (NASDAQ:CNDT) last posted its earnings results on Wednesday, August 9th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Conduent had a negative return on equity of 0.48% and a negative net margin of 0.27%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $0.30 EPS. The firm’s revenue was down 7.3% compared to the same quarter last year. Analysts forecast that Conduent will post $0.76 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/11/13/analysts-set-conduent-inc-cndt-target-price-at-18-00.html.

In other news, EVP David Amoriell sold 106,500 shares of Conduent stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $17.01, for a total transaction of $1,811,565.00. Following the transaction, the executive vice president now directly owns 120,630 shares in the company, valued at approximately $2,051,916.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Several hedge funds have recently modified their holdings of CNDT. Cohen Capital Management Inc. acquired a new position in shares of Conduent during the 2nd quarter valued at $1,881,000. Nisa Investment Advisors LLC increased its position in shares of Conduent by 7.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 30,135 shares of the company’s stock valued at $483,000 after purchasing an additional 2,000 shares during the period. Alpha Windward LLC increased its position in shares of Conduent by 1.5% during the 2nd quarter. Alpha Windward LLC now owns 34,916 shares of the company’s stock valued at $557,000 after purchasing an additional 524 shares during the period. Kirr Marbach & Co. LLC IN acquired a new position in shares of Conduent during the 2nd quarter valued at $8,922,000. Finally, First Quadrant L P CA increased its position in shares of Conduent by 79.3% during the 2nd quarter. First Quadrant L P CA now owns 133,907 shares of the company’s stock valued at $2,134,000 after purchasing an additional 59,210 shares during the period.

Conduent Company Profile

Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).

Analyst Recommendations for Conduent (NASDAQ:CNDT)

Receive News & Ratings for Conduent Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply