Xerox Corporation - Value Alert
Texas (June 25, 2013) Wax Ink has issued a Exploratory Investment Interest rating for Xerox Corporation (NYSE: XRX) based on a recent baseline equity review which placed fair value between $21-$23.
The recent close of $8.92 is approximately 29% below the fair value buy target for the stock and approximately 65% below the fair value close target for the stock. The recent close is also 5% above analysts’ twelve-month $8.50 median price target for the stock.
The recent close represents a 13% increase in price since the last baseline equity review was conducted in April of 2012.
The stock currently has a trailing twelve-month PE Ratio of 5, and a PEG Ratio of 0.5 basis estimated forward earnings growth of 11.5%.
In the past 52 weeks, share prices have moved between a high of $9.62 and a low of $6.10, placing equilibrium at $8.37.
Basis the recent close, the stock is trading 8% below the 52 week high, 32% above the 52 week low, 6% above equilibrium, and has an average daily trading volume of approximately 9.1 million shares.
Xerox Corporation provides business process and document management services worldwide.
The company's competitors include Accenture plc, Canon Inc., and Hewlett-Packard Company.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.
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