NCR Co. (NYSE:NCR) Receives $36.89 Average PT from Analysts

NCR Co. (NYSE:NCR) has earned an average rating of “Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $36.89.

Several brokerages have issued reports on NCR. Morgan Stanley raised their price target on NCR from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, January 27th. Stephens raised their price target on NCR from $39.00 to $49.00 in a report on Monday, January 11th. Finally, Oppenheimer increased their price objective on NCR from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 10th.

In other NCR news, EVP Adrian Button sold 3,745 shares of the stock in a transaction on Wednesday, February 24th. The stock was sold at an average price of $35.32, for a total transaction of $132,273.40. Following the transaction, the executive vice president now owns 7,541 shares in the company, valued at approximately $266,348.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Carroll Financial Associates Inc. increased its position in shares of NCR by 44.9% in the first quarter. Carroll Financial Associates Inc. now owns 855 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 265 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in shares of NCR by 10,461.2% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 178,907 shares of the information technology services provider’s stock worth $6,721,000 after purchasing an additional 177,213 shares during the period. Dimensional Fund Advisors LP increased its position in shares of NCR by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,400,583 shares of the information technology services provider’s stock worth $90,188,000 after purchasing an additional 62,631 shares during the period. Hudson Bay Capital Management LP increased its position in shares of NCR by 29.9% in the fourth quarter. Hudson Bay Capital Management LP now owns 160,000 shares of the information technology services provider’s stock worth $6,011,000 after purchasing an additional 36,816 shares during the period. Finally, Norges Bank bought a new position in shares of NCR in the fourth quarter worth $57,963,000. Institutional investors own 88.30% of the company’s stock.

NYSE NCR opened at $38.60 on Monday. The stock has a 50 day moving average of $36.49 and a 200-day moving average of $31.00. NCR has a 12 month low of $15.18 and a 12 month high of $39.52. The company has a market cap of $5.03 billion, a PE ratio of 12.10 and a beta of 1.84. The company has a current ratio of 1.75, a quick ratio of 1.43 and a debt-to-equity ratio of 3.56.

NCR (NYSE:NCR) last announced its quarterly earnings results on Monday, February 8th. The information technology services provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.03). NCR had a net margin of 7.13% and a return on equity of 24.08%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the business earned $0.85 EPS. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. As a group, sell-side analysts predict that NCR will post 1.71 EPS for the current fiscal year.

About NCR

NCR Corporation provides software and services worldwide. It operates through Banking, Retail, Hospitality, and Other segments. The Banking segment offers solutions for financial services industry, including digital banking, branch transformation, and digital connected services; software solutions and platforms, such as a multi-vendor ATM management systems software application suites; payment processing software; fraud and loss prevention applications; and cash management and video banking software, as well as related hardware products comprise ATMs, interactive teller machines, cash dispensers, and image processing and check hardware.

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Analyst Recommendations for NCR (NYSE:NCR)

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