Xerox Shares Look Cheap Even With Stock’s 2017 Jump
Sun Mar 05 2017
Julie Young (534 articles)

Xerox Shares Look Cheap Even With Stock’s 2017 Jump

Armed with a hefty dividend, Xerox Corp 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 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% 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.

Julie Young

Julie Young

Julie Young is a Senior Market Reporter and Analyst. She has been covering stock markets for many years.