Conduent (CNDT) Stock Price, News & Analysis

Company Overview

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions. The Government segment provides government-centric business process services to the United States federal, state, local, and foreign governments for public assistance, program administration, transaction processing, and payment services; and digital payments, child support payments, government healthcare, and eligibility and enrollment solutions. The Transportation segment offers systems, support, and revenue-generating solutions to government transportation agency clients; and public safety, mobility, and digital payment solutions. This segment also provides electronic tolling, urban congestion management, and mileage-based user solutions; transit solutions; citation and permit administration, parking enforcement, and curbside demand management solutions; and computer-aided dispatch/automatic vehicle location solutions. Conduent Incorporated was founded in 2016 and is headquartered in Florham Park, New Jersey.

Key Stats

• Today's Range: $3.47 to $3.60
• 50-Day Range: $3.56 to $4.29
• 52-Week Range: $2.89 to $4.38
• Volume: 742,578 shs
• Average Volume: 1.11 million shs
• Market Capitalization: $574.01 million
• P/E Ratio: 1.58
• Dividend Yield: N/A
• Price Target: $9.00
• Consensus Rating: Buy

Conduent Stock Analysis - MarketRank™

Conduent scored higher than 81% of companies evaluated by MarketBeat, and ranked 73rd out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Conduent has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Conduent has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Conduent are expected to grow in the coming year, from ($0.45) to ($0.02) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Conduent is 1.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Conduent is 1.58, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 46.21.

Price to Book Value per Share Ratio

Conduent has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.63% of the float of Conduent has been sold short.

Short Interest Ratio / Days to Cover

Conduent has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Conduent has recently decreased by 5.28%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Conduent does not currently pay a dividend.

Dividend Growth

Conduent does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.63% of the float of Conduent has been sold short.

Short Interest Ratio / Days to Cover

Conduent has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Conduent has recently decreased by 5.28%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.11

News Sentiment

Conduent has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Conduent this week, compared to 3 articles on an average week.

Search Interest

Only 4 people have searched for CNDT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

3 people have added Conduent to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Conduent insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.84% of the stock of Conduent is held by insiders.

Percentage Held by Institutions

77.28% of the stock of Conduent is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CNDT Stock Analysis - Frequently Asked Questions

How have CNDT shares performed this year?

Conduent's stock was trading at $3.65 at the beginning of the year. Since then, CNDT shares have decreased by 1.6% and is now trading at $3.59.
View the best growth stocks for 2024 here.

How were Conduent's earnings last quarter?

Conduent Incorporated (NASDAQ:CNDT) released its quarterly earnings data on Wednesday, November, 6th. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.01. The company's revenue was down 13.4% compared to the same quarter last year.

Who are Conduent's major shareholders?

Conduent's top institutional shareholders include Geode Capital Management LLC (2.38%), State Street Corp (2.36%), Charles Schwab Investment Management Inc. (1.74%) and Royce & Associates LP (1.12%). Insiders that own company stock include Clifford Skelton, Michael E Krawitz, Stephen Henry Wood and Louis Edward Keyes.
View institutional ownership trends.

How do I buy shares of Conduent?

Shares of CNDT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Conduent own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Conduent investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), General Electric (GE), Intel (INTC) and Xerox (XRX).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Business services, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:CNDT
• CUSIP: N/A
• CIK: 1677703
• Web: www.conduent.com
• Phone: (844) 663-2638
• Fax: N/A
• Employees: 59,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.00
• High Stock Price Target: $9.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: +150.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.27
• Trailing P/E Ratio: 1.58
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-296,000,000.00
• Net Margins: 12.65%
• Pretax Margin: 16.59%
• Return on Equity: -7.94%
• Return on Assets: -1.99%

Debt

• Debt-to-Equity Ratio: 0.81
• Current Ratio: 1.75
• Quick Ratio: 1.75

Sales & Book Value

• Annual Sales: $3.51 billion
• Price / Sales: 0.16
• Cash Flow: $2.35 per share
• Price / Cash Flow: 1.53
• Book Value: $2.91 per share
• Price / Book: 1.23

Miscellaneous

• Outstanding Shares: 159,890,000
• Free Float: 156,948,000
• Market Cap: $574.01 million
• Optionable: Optionable
• Beta: 1.48