Recent extremely meaningful negative changes in investment behavior have impacted Xerox Holdings Corp (NASDAQ: XRX): the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
Xerox Holdings Corp (NASDAQ: XRX) has recently experienced slight negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, XRX is expected to continue to be an important Value Builder.
Xerox Holdings has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Xerox Holdings has a good Appreciation Score of 76 and a good Power Rating of 80, with the Highest Value Trend Rating the result.
Recent Price Action
On 4/24/24, Xerox Holdings Corp (NASDAQ: XRX) stock declined by -2.6%, closing at $14.38. Moreover, trading volume in this decline was exceptionally high at 207% of normal. Relative to the market the stock has been strong over the last nine months but has declined -11.3% during the last week.
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