Unisys (UIS) Gets a Buy Rating from Maxim Group

Maxim Group analyst Matthew Galinko maintained a Buy rating on Unisys (UISResearch Report) yesterday and set a price target of $35.00. The company’s shares closed last Thursday at $21.18.

According to TipRanks.com, Galinko is a 4-star analyst with an average return of 15.1% and a 53.7% success rate. Galinko covers the Technology sector, focusing on stocks such as American Software, Data Storage, and Xperi.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Unisys with a $35.00 average price target.

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Based on Unisys’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $517 million and GAAP net loss of $141 million. In comparison, last year the company earned revenue of $439 million and had a GAAP net loss of $78.6 million.

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Unisys Corp. is a global information technology company that builds high-performance, security-centric solutions for clients across the government, financial services and commercial markets. It operates through the following segments: Services and Technology. The Services segment consists of cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software and offers hardware and other related products. The company was founded in 1986 and is headquartered in Blue Bell, PA.

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