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XRX

Xerox

$32.83

0.705 (2.19%)

14:12
05/21/19
05/21
14:12
05/21/19
14:12

Xerox shareholders approve holding company reorganization

Xerox announced that shareholders approved its proposal to adopt the merger agreement pursuant to which Xerox expects to implement a holding company reorganization. Holders of approximately 99.7% of common shares present and voting at Xerox's annual meeting, representing approximately 77.0% of the company's total outstanding common shares, voted in favor of the proposal. The closing of the holding company reorganization remains subject to the satisfaction of customary conditions, including, receipt of approval from the Financial Conduct Authority of the United Kingdom. Xerox is targeting Q3 of 2019 for the closing of the holding company reorganization. Following the closing, it is expected that the common stock of the holding company will trade on the New York Stock Exchange under Xerox's current trading symbol, "XRX."

  • 21

    May

XRX Xerox
$32.83

0.705 (2.19%)

01/30/19
SBSH
01/30/19
NO CHANGE
Target $34
SBSH
Buy
Xerox could be acquired as turnaround shows progress, says Citi
Xerox's results yesterday morning "show real steps of the company turning around its cost and cash flow structuring," Citi analyst Jim Suva tells investors in a research note. The analyst continues to view Xerox as his "top deep value and restructuring stock" and he believes the company could be acquired by private equity or potentially resume its discussions to be acquired by Fuji or even HP (HPQ). He maintains a Buy rating on the shares with a $34 price target.
02/06/19
LOOP
02/06/19
NO CHANGE
Target $37
LOOP
Buy
Xerox analyst day presentation 'very encouraging', says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $37 price target on Xerox after its analyst day presentation yesterday, saying its 3-year earnings growth rate outlook of at least 7% resonated with investors, while its FY19 EPS view of $3.70-$3.80 with no revenue growth is also "very encouraging". The analyst adds that the 3-year view is meant to be conservative since its model assumes "very little revenue contribution from new technology market opportunities", while its new growth areas look "admittedly intriguing".
04/11/19
FBCO
04/11/19
INITIATION
Target $42
FBCO
Outperform
Xerox initiated with an Outperform at Credit Suisse
Credit Suisse analyst Matt Cabral initiated Xerox (XRX) with an Outperform rating and a price target of $42. The analyst believes that the company's "significant margin potential" is not being captured in the Street consensus, modeling about 5pts of "cost opportunity" over the long term. Cabral also believes that Xerox is on a "long path to revenue growth" amid secular challenges but sees its investments in A4 printers and other capabilities for small-medium size businesses as "key near term investments".
04/17/19
SBSH
04/17/19
NO CHANGE
Target $44
SBSH
Buy
Xerox could be strategic acquisition target after EFI deal, says Citi
Citi analyst Jim Suva points out that the buyout of Electronics for Imaging (EFII) by private equity contains a 45 day "go-shop" period. With the print industry maturing, the analyst believes both HP Inc. (HPQ) and XRX (XRX) will now "more aggressively look" at Electronics for Imaging as a strategic asset in terms of revenue growth, earnings accretion, and cash flow. Further, Xerox could be a strategic acquisition for private equity or HP given its annual cash flow of $1B-plus and cost structure that could be significantly reduced, Suva tells investors in a research note. The analyst keeps a Buy rating on Electronics for Imaging and boosted his price target for the shares to $44.

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BCOM

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ANTM

Anthem

$288.53

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  • 25

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MNK

Mallinckrodt

$8.57

-0.39 (-4.35%)

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  • 25

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BZUN

Baozun

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CUB

Cubic

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T

AT&T

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FTD

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$0.00

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$NSD

NASDAQ Market Internals

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$NYE

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BMY

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SRPT

Sarepta

$128.78

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  • 19

    Aug

ENS

EnerSys

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  • 24

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GBT

Global Blood Therapeutics

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KRYS

Krystal Biotech

$37.20

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  • 24

    Jun

CNC

Centene

$55.52

-0.86 (-1.53%)

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WellCare

$296.08

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  • 24

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QUAD

Quad/Graphics

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