Conduent (CNDT) Downgraded by Zacks Investment Research to Hold

Conduent stock has undergone multiple analysts rating changes in the recent past.  Conduent Downgraded by Zacks Investment Research on 10/11/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Conduent traded down -$0.13 on Monday, reaching $6.66. 426016 shares of the stock traded hands, compared to its average volume of 1180097. Shares of Conduent were trading at $6.66 on Monday. The firm’s 50 day moving average is $6.83 and its 200 day moving average is $6.59.Conduent has a 12 month low of $6.66 and a 12 month high of $8.50. While on yearly highs and lows, Conduent’s today has traded high as $6.87 and has touched $6.66 on the downward trend. See More Analyst Rating at: RATING

Conduent Earnings and What to expect: 

Conduent last released its earnings data on August 5th, 2021. The reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The company earned $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Conduent has generated $0.62 earnings per share over the last year (($0.13) diluted earnings per share). Earnings for Conduent are expected to grow by 4.35% in the coming year, from $0.69 to $0.72 per share. Conduent has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 4th, 2021 based off prior year’s report dates.

Earnings for Conduent are expected to grow by 4.35% in the coming year, from $0.69 to $0.72 per share. The P/E ratio of Conduent is -51.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Conduent is -51.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Conduent has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Conduent (CNDT) Moving Average Technical Analysis

5 day Moving Average is $6.82 And 5 day price change is -$0.10 (-1.48%)  with average volume for 5 day average is 860,880. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $6.65 and 20 day price change is -$0.24 (-3.48%) and average 20 day moving volume is 1,175,505. 50 day moving average is $6.83  and 50 day price change is -$0.05 ( -0.75%)  and with average volume for 50 days is : 1,151,186. 200 day moving average is $6.59  and 200 day price change is $1.65 (32.93%)  and with average volume for 200 days is : 1,490,528.

Other owners latest trading in Conduent :

  • On 9/17/2021 shares held by Virtu Financial LLC were 19,483 which equates to market value of $0.15M and appx 0.00% owners of Conduent
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 979,097 which equates to market value of $7.34M and appx 0.00% owners of Conduent
  • On 8/26/2021 shares held by Comerica Bank were 451,084 which equates to market value of $3.05M and appx 0.00% owners of Conduent
  • In total Institutional ownership equates to Institutional Ownership Percentage: 77.66% for Conduent

See More Analyst Rating at: RATING