CryptocurrencyInvestingBanksReal Estate

Xerox Shares Look Cheap Even With Stock’s 2017 Jump

March 5, 2017, 8:16 PM UTC
The Xerox Corp. logo is displayed at the company's headquart
UNITED STATES - APRIL 24: The Xerox Corp. logo is displayed at the company's headquarters in Norwalk, Connecticut, U.S., on Friday, April 24, 2009.
Bloomberg via Getty Images

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.