Xerox drops on valuation-driven Argus downgrade

Citing valuation, Argus has downgraded Xerox (XRX -3.1%) to Hold.

Shares closed yesterday not far from a 52-week high of $13.01. They go for 13x 2014E EPS after factoring net debt.

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Comments (2)
  • stockade
    , contributor
    Comments (18) | Send Message
    That figures
    26 Jun 2014, 01:15 PM Reply Like
  • U2A Ventures
    , contributor
    Comments (344) | Send Message
    XRX seems to be scooping up many government contracts for healthcare and benefit administration and BPO services... I have to imagine these contracts are profitable for them since they outsource much of the work. This might be a buying opportunity for XRX?
    26 Jun 2014, 02:08 PM Reply Like
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