Xerox Holdings Corp (NASDAQ: XRX) stock suffered a major decline of -12.1% on 1/3/24. The shares closed at $15.84. Moreover, exceptionally high trading volume at 203% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -15.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, XRX is expected to continue to be a Value Builder.
Xerox Holdings has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Xerox Holdings has a good Power Rating of 75 and a good Appreciation Score of 76, with the Highest Value Trend Rating the result.
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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