Last Updated: 14 Oct 2024
Executive Summary
Conduent Inc. (CNDT) is a provider of business process services with transaction-intensive processing, analysis, and automation capabilities. The company has a market capitalization of $657.7 million and trades on the NASDAQ exchange. The latest stock price is $4.05.
Company Overview
Conduent Inc. was founded in 2017 as a spin-off from Xerox Corporation. The company provides a range of services, including customer care, data management, and IT services. Conduent has operations in the United States, Europe, and internationally.
Fundamental Analysis
Conduent Inc. has a trailing price-to-earnings (P/E) ratio of 22.5 and a forward P/E ratio of -. The company's P/E ratio is higher than the industry average of 18.5. Conduent has a price-to-sales (P/S) ratio of 0.181 and a price-to-book (P/B) ratio of 0.876. The company's P/S ratio is lower than the industry average of 0.223, and its P/B ratio is higher than the industry average of 0.789.
Conduent's revenue has declined in recent years. The company's revenue declined by 0.095% in the most recent quarter and by 2.9% in the past year. Conduent's net income has also declined in recent years. The company's net income declined by 5.3% in the most recent quarter and by 12.5% in the past year.
Conduent's financial outlook is uncertain. The company is facing challenges from the COVID-19 pandemic and from the increasing adoption of digital technologies. Conduent is also facing competition from larger and more established companies.
Technical Analysis
Conduent Inc.'s stock price has been in a downtrend since early 2022. The stock price has fallen below its 50-day and 200-day moving averages. The stock price is also below its 52-week low of $2.40.
The technical indicators are bearish for Conduent Inc. The relative strength index (RSI) is below 50, and the moving average convergence divergence (MACD) is below its signal line. The stock price is also below its Bollinger Bands.
Short Term Outlook
The short-term outlook for Conduent Inc. is negative. The stock price is in a downtrend, and the technical indicators are bearish. The company is also facing challenges from the COVID-19 pandemic and from the increasing adoption of digital technologies.
Long Term Outlook
The long-term outlook for Conduent Inc. is uncertain. The company is facing challenges from the COVID-19 pandemic and from the increasing adoption of digital technologies. Conduent is also facing competition from larger and more established companies. However, the company has a strong customer base and a wide range of services. Conduent is also investing in new technologies and expanding into new markets.
Analyst Recommendations
The consensus analyst recommendation for Conduent Inc. is a hold. One analyst has a strong buy rating, two analysts have a buy rating, and no analysts have a sell rating. The average analyst target price is $5.79.
