Conduent (NYSE:CNDT) Earning Somewhat Favorable Media Coverage, Analysis Finds

News stories about Conduent (NYSE:CNDT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Conduent earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.4701660368299 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern’s scoring:

CNDT has been the topic of several analyst reports. SunTrust Banks reaffirmed a “buy” rating and issued a $20.00 target price on shares of Conduent in a report on Friday, November 10th. Zacks Investment Research raised shares of Conduent from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, November 9th. Cross Research raised shares of Conduent from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. BMO Capital Markets decreased their price objective on shares of Conduent from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Thursday, November 9th. Finally, BidaskClub raised shares of Conduent from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $19.60.

Conduent (CNDT) traded down $0.29 during mid-day trading on Friday, reaching $15.39. 3,088,277 shares of the company were exchanged, compared to its average volume of 2,357,685. The stock has a market capitalization of $3,237.70 and a P/E ratio of -3.17. Conduent has a 52-week low of $14.44 and a 52-week high of $18.15. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60.

Conduent (NYSE:CNDT) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. Conduent had a negative net margin of 16.18% and a positive return on equity of 5.45%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. analysts predict that Conduent will post 0.81 earnings per share for the current year.

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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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