Xerox Holdings Corp (NASDAQ: XRX) stock closed at $16.67 on 3/6/24 after a major decline of -11.3%. Moreover, this decline was accompanied by exceptionally high trading volume at 430% of normal. The stock has declined -11.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
XRX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Xerox Holdings has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Xerox Holdings has a slightly positive Appreciation Score of 65 and a very high Power Rating of 86, triggering the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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