Conduent (CNDT) Getting Somewhat Positive Press Coverage, Study Shows

News stories about Conduent (NYSE:CNDT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Conduent earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.4721600022644 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s rankings:

Conduent stock traded down $0.39 during mid-day trading on Thursday, reaching $19.62. The company had a trading volume of 276,011 shares, compared to its average volume of 2,492,890. Conduent has a fifty-two week low of $14.95 and a fifty-two week high of $20.32. The firm has a market capitalization of $4,190.44, a P/E ratio of 24.40 and a beta of -1.08. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.56.

Conduent (NYSE:CNDT) last released its earnings results on Wednesday, February 21st. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Conduent had a return on equity of 5.53% and a net margin of 3.01%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share. research analysts predict that Conduent will post 1.09 EPS for the current fiscal year.

Several equities analysts have weighed in on the company. Cowen restated a “hold” rating on shares of Conduent in a report on Tuesday, February 27th. Zacks Investment Research upgraded Conduent from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, February 8th. Needham & Company LLC upgraded Conduent from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, March 6th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $19.00 price target (up from $17.00) on shares of Conduent in a research report on Thursday, February 22nd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $20.00 target price (up from $17.50) on shares of Conduent in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Conduent currently has a consensus rating of “Buy” and a consensus price target of $21.50.

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About Conduent

Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).

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