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RBC Capital Sticks to Its Hold Rating for DXC Technology (DXC)

Tipranks - Sat Jun 13, 6:36AM CDT

In a report released yesterday, David Paige from RBC Capital maintained a Hold rating on DXC Technology, with a price target of $16.00. The company’s shares closed yesterday at $8.82.

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Paige covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, DXC Technology, and TD SYNNEX Corporation. According to TipRanks, Paige has an average return of 46.3% and an 87.50% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for DXC Technology with a $11.75 average price target.

Based on DXC Technology’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.13 billion and a GAAP net loss of $141 million. In comparison, last year the company earned a revenue of $3.17 billion and had a net profit of $264 million

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DXC in relation to earlier this year. Last month, Raul Fernandez, the President & CEO of DXC bought 28,050.00 shares for a total of $249,364.50.

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