DXC Technology Co (DXC) stock expected to rise by 22.81%: What’s driving the optimism?

DXC Technology Co [DXC] stock is trading at $21.26, up 1.24%. An important factor to consider is whether the stock is rising or falling in short-term value. The DXC shares have gain 6.78% over the last week, with a monthly amount glided 1.09%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

DXC Technology Co [NYSE: DXC] stock has seen the most recent analyst activity on March 19, 2024, when Guggenheim initiated its Neutral rating and assigned the stock a price target of $22. Previously, JP Morgan downgraded its rating to Underweight on January 24, 2024, and dropped its price target to $24. On January 17, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $21 on the stock. Wolfe Research downgraded its rating to a Underperform but stick to its price target of $22 on October 17, 2023. TD Cowen downgraded its rating to a Market Perform and reduced its price target to $25 on August 03, 2023. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on August 03, 2023, and downed its price target to $29. In a note dated August 03, 2023, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $35 to $23.

DXC Technology Co [DXC] stock has fluctuated between $14.78 and $25.14 over the past year. Currently, Wall Street analysts expect the stock to reach $26.11 within the next 12 months. DXC Technology Co [NYSE: DXC] shares were valued at $21.26 at the most recent close of the market. An investor can expect a potential return of 22.81% based on the average DXC price forecast.

Analyzing the DXC fundamentals

DXC Technology Co [NYSE:DXC] reported sales of 13.46B for the trailing twelve months, which represents a drop of -6.09%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.47.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.81 points at the first support level, and at 20.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.53, and for the 2nd resistance point, it is at 21.80.

Ratios To Look Out For

For context, DXC Technology Co’s Current Ratio is 1.21. On the other hand, the Quick Ratio is 1.21, and the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 62.92.

Transactions by insiders

Recent insider trading involved Voci Christopher Anthony, SVP, Controller and PAO, that happened on Sep 13 ’24 when 2500.0 shares were sold. Officer, Voci Christopher Anthony completed a deal on Sep 13 ’24 to buy 2500.0 shares. Meanwhile, EVP, Chief People Officer Finch Mary E sold 31047.0 shares on Aug 12 ’24.

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