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:
- Way to read Technical data on Conduent Incorporated (CNDT) – Wall Street Morning (wallstreetmorning.com)
- $0.23 Earnings Per Share Expected for Conduent Inc (CNDT) This Quarter (americanbankingnews.com)
- Noteworthy Stocks to Watch for: Conduent Incorporated (NYSE:CNDT), International Game Technology PLC (NYSE:IGT) – The Oracle Examiner (oracleexaminer.com)
- Stock Recap: Conduent Incorporated (CNDT) – MostVolatileStocks (press release) (mostvolatilestocks.com)
- Edited Transcript of CNDT.N earnings conference call or presentation 8-Nov-17 3:00pm GMT (finance.yahoo.com)
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.
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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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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