Reuters logo
Xerox shares look cheap even with stock's 2017 jump: Barron's
March 5, 2017 / 8:05 PM / 9 months ago

Xerox shares look cheap even with stock's 2017 jump: Barron's

NEW YORK (Reuters) - Armed with a hefty dividend, Xerox Corp (XRX.N) shares look cheap even as they have shot up this year following the company’s spin-off of its business processing business, according to an article in Barron‘s.

The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko

The article says the printing and copying company’s new CEO wants to shift toward more small and midsize corporate customers and Xerox has undertaken a major cost-cutting program, while the shares offer a 3.4 percent dividend yield.

    The article cites a portfolio manager for investment advisor ValueWorks as estimating the shares could nearly double, from Friday’s close of $7.36 to $14 in the next two years.

    (This story was refiled to correct spelling of “dividend” in first paragraph)

    Reporting by Lewis Krauskopf; Editing by Phil Berlowitz

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below