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Xerox Holdings Corporation
XRX Details
Xerox Holdings Corporation (NASDAQ: XRX) is a workplace technology company that creates and combines software and hardware for large and small companies. XRX's primary product and service lines include equipment, paper, other sales, maintenance agreements, service arrangements, rental, and other financial services. The business is active in the United States, Europe, Canada, and other countries.
Latest News:
9MFY21 Results:
Key Risks:
Outlook:
Valuation Methodology: EV/EBITDA Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
XRX Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
XRX's stock price has surged 15.17% in the past month and is currently leaning towards the higher-band of the 52-week range of USD 17.59 to USD 26.96. The stock is currently trading above its 50 and 200 DMA levels, and its RSI Index is 66.77, indicating an overbought zone. We have valued the stock using the EV/EBITDA multiple-based relative valuation methodology and arrived at a target price of USD 20.42.
Considering the uptick in the stock price, decline in outlook, current valuation, and technical indicators, we believe the decent business fundamentals are adequately reflected at current trading levels. Hence, we recommend a "Sell" rating on the stock at the current price of USD 23.84, down 0.38%, as of January 14, 2022, at 10:17 AM ET.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.