Shares of NCR Co. (NYSE:NCR) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $26.38.
NCR has been the subject of several analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $32.00 price target on shares of NCR in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of NCR from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley lifted their price target on shares of NCR from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Wednesday. ValuEngine upgraded shares of NCR from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Oppenheimer reiterated a “buy” rating and set a $25.00 price target (up previously from $20.00) on shares of NCR in a research report on Friday, May 1st.
In related news, CAO Beth Potter sold 19,534 shares of NCR stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $19.95, for a total transaction of $389,703.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp lifted its stake in NCR by 6.7% in the first quarter. State Street Corp now owns 4,957,614 shares of the information technology services provider’s stock valued at $87,750,000 after buying an additional 310,463 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in NCR by 49.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,489,191 shares of the information technology services provider’s stock valued at $44,059,000 after buying an additional 822,522 shares in the last quarter. Macquarie Group Ltd. lifted its stake in NCR by 27.1% in the fourth quarter. Macquarie Group Ltd. now owns 2,334,952 shares of the information technology services provider’s stock valued at $82,097,000 after buying an additional 497,918 shares in the last quarter. Norges Bank bought a new position in NCR in the fourth quarter valued at approximately $52,738,000. Finally, Geode Capital Management LLC lifted its stake in NCR by 3.8% in the first quarter. Geode Capital Management LLC now owns 1,479,634 shares of the information technology services provider’s stock valued at $26,189,000 after buying an additional 54,848 shares in the last quarter. 89.99% of the stock is currently owned by hedge funds and other institutional investors.
NCR opened at $18.43 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.26 and a debt-to-equity ratio of 4.28. The stock has a market capitalization of $2.36 billion, a PE ratio of 5.96 and a beta of 1.69. NCR has a 1-year low of $10.55 and a 1-year high of $35.87. The firm has a 50-day moving average price of $17.59 and a two-hundred day moving average price of $22.06.
NCR (NYSE:NCR) last posted its quarterly earnings data on Tuesday, July 28th. The information technology services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.43 billion. NCR had a net margin of 6.72% and a return on equity of 31.37%. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. On average, research analysts predict that NCR will post 1.41 EPS for the current year.
NCR Company Profile
NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, applications, and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
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