Morgan Stanley (NYSE:MS) analyst Kathryn Huberty maintained a Hold rating on Xerox (NYSE:XRX) on Tuesday, setting a price target of $17, which is approximately 15.63% below the present share price of $20.15.
Huberty expects Xerox to post earnings per share (EPS) of $0.11 for the fourth quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Hold rating of shares in Xerox, with an average price target of $18.33.
The analysts price targets range from a high of $21 to a low of $14.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.47 billion and a net profit of $52 million. The company's market cap is $4.23 billion.
According to TipRanks.com, Morgan Stanley analyst Kathryn Huberty is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.0% and a 61.38% success rate.
Xerox Holdings Corp. operates as a holding company. The firm through its subsidiary provides printing and digital document products and services. The company was founded on March 11, 2019 and is headquartered in Norwalk, CT.