SunTrust Banks Cuts Unisys (UIS) Price Target to $17.00

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Unisys (NYSE:UIS) had its price objective lowered by SunTrust Banks to $17.00 in a report released on Thursday morning, The Fly reports. SunTrust Banks currently has a buy rating on the information technology services provider’s stock. SunTrust Banks also issued estimates for Unisys’ Q1 2019 earnings at $0.32 EPS.

Several other research firms have also recently issued reports on UIS. ValuEngine cut shares of Unisys from a buy rating to a hold rating in a report on Thursday, February 28th. Zacks Investment Research upgraded shares of Unisys from a sell rating to a buy rating and set a $14.00 price objective for the company in a report on Friday, January 11th. Finally, Loop Capital set a $13.00 price objective on shares of Unisys and gave the company a hold rating in a report on Wednesday, December 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $14.67.

Unisys stock opened at $11.40 on Thursday. The company has a market capitalization of $590.09 million, a PE ratio of 5.85 and a beta of 1.45. Unisys has a 12-month low of $10.46 and a 12-month high of $20.95.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Tuesday, February 12th. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.31. The business had revenue of $760.90 million during the quarter, compared to analysts’ expectations of $752.00 million. Unisys had a net margin of 2.67% and a negative return on equity of 10.65%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $1.75 earnings per share. On average, analysts anticipate that Unisys will post 1.88 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in Unisys during the fourth quarter worth approximately $25,000. NumerixS Investment Technologies Inc bought a new stake in Unisys during the fourth quarter worth approximately $49,000. Pearl River Capital LLC bought a new stake in Unisys during the fourth quarter worth approximately $73,000. Riverhead Capital Management LLC bought a new stake in Unisys during the third quarter worth approximately $110,000. Finally, Blueshift Asset Management LLC bought a new stake in Unisys during the fourth quarter worth approximately $123,000.

Unisys Company Profile

Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, and hardware and other related products.

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