Piper Jaffray reiterated their overweight rating on shares of Xerox Corp (NYSE:XRX) in a report issued on Monday morning, MarketBeat reports. They currently have a $15.00 price target on the stock.

Several large investors have bought and sold shares of XRX. Assetmark acquired a new stake in Xerox Corp during the third quarter worth $0. Detwiler Fenton Investment Management acquired a new stake in Xerox Corp during the fourth quarter worth $221,000. Creative Planning increased its stake in Xerox Corp by 10.0% in the fourth quarter. Creative Planning now owns 24,310 shares of the company’s stock worth $259,000 after buying an additional 2,207 shares during the period. ING Groep acquired a new stake in Xerox Corp during the third quarter worth $285,000. Finally, BLB&B Advisors increased its stake in Xerox Corp by 0.5% in the fourth quarter. BLB&B Advisors now owns 29,525 shares of the company’s stock worth $314,000 after buying an additional 150 shares during the period.

Shares of Xerox Corp (NYSE:XRX) opened at 9.10 on Monday. The stock’s 50 day moving average price is $9.94 and its 200-day moving average price is $10.25. The company has a market cap of $9.21 billion and a PE ratio of 29.64. Xerox Corp has a 12-month low of $8.48 and a 12-month high of $14.02.

Xerox Corp (NYSE:XRX) last released its quarterly earnings results on Monday, October 26th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. The firm earned $4.30 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the firm earned $0.26 earnings per share. On average, equities research analysts forecast that Xerox Corp will post $0.95 earnings per share for the current year.

A number of other equities analysts have also commented on XRX. Brean Capital restated a buy rating and issued a $12.00 price target (down from $13.20) on shares of Xerox Corp in a research report on Tuesday, October 27th. Goldman Sachs restated a hold rating on shares of Xerox Corp in a research report on Wednesday, December 2nd. JPMorgan Chase & Co. reduced their price target on shares of Xerox Corp to $11.00 and set a neutral rating on the stock in a research report on Wednesday, October 28th. Credit Suisse restated a hold rating and issued a $10.00 price target on shares of Xerox Corp in a research report on Tuesday, November 24th. Finally, Zacks Investment Research lowered shares of Xerox Corp from a hold rating to a sell rating in a research report on Saturday, December 12th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $11.89.

Xerox Corporation is engaged in offering business process and document management solutions. The Company operates through the following segments: Services, Document Technology and Other. The Company’s customers include small and midsize businesses (NYSE:XRX), graphic communications companies, Governmental entities, educational institutions and Fortune 1000 corporate accounts. The Company’s Services segment provides two types of service offerings: Business Process Outsourcing (BPO) and Document Outsourcing (DO). It provides multi-industry offerings, such as customer care, transaction processing, finance and accounting, and human resources, as well as industry focused offerings in areas , such as healthcare, transportation, financial services, retail and telecommunications. The Company’s Document Technology segment includes the sale of products and supplies, as well as the associated technical service and financing of those products.

12 Month Chart for NYSE:XRX

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