Shares of NCR Corporation (NYSE:NCR) have received an average rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $47.57.
A number of research firms recently issued reports on NCR. Zacks Investment Research lowered NCR from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. J P Morgan Chase & Co set a $45.00 price objective on NCR and gave the company a “buy” rating in a report on Saturday, October 21st. Royal Bank Of Canada reaffirmed an “average” rating and issued a $44.00 price objective on shares of NCR in a report on Friday, October 20th. They noted that the move was a valuation call. BidaskClub lowered NCR from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Morgan Stanley lowered their price objective on NCR from $43.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, October 20th.
Several hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC lifted its position in shares of NCR by 9.5% during the 3rd quarter. Sterling Capital Management LLC now owns 2,959,613 shares of the information technology services provider’s stock valued at $111,045,000 after acquiring an additional 256,201 shares during the period. Bank of New York Mellon Corp lifted its position in shares of NCR by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,766,677 shares of the information technology services provider’s stock valued at $103,806,000 after acquiring an additional 36,796 shares during the period. Ameriprise Financial Inc. lifted its position in shares of NCR by 58.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 963,595 shares of the information technology services provider’s stock valued at $36,155,000 after acquiring an additional 356,171 shares during the period. Nationwide Fund Advisors lifted its position in shares of NCR by 9.9% during the 2nd quarter. Nationwide Fund Advisors now owns 776,619 shares of the information technology services provider’s stock valued at $31,717,000 after acquiring an additional 69,694 shares during the period. Finally, New York State Common Retirement Fund lifted its position in shares of NCR by 26.8% during the 3rd quarter. New York State Common Retirement Fund now owns 378,307 shares of the information technology services provider’s stock valued at $14,194,000 after acquiring an additional 80,025 shares during the period. Institutional investors own 89.19% of the company’s stock.
NCR (NCR) traded up $0.39 during midday trading on Monday, hitting $30.89. The company had a trading volume of 273,900 shares, compared to its average volume of 1,319,176. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.01 and a current ratio of 1.42. NCR has a 52-week low of $29.20 and a 52-week high of $49.90. The stock has a market capitalization of $3,762.40, a price-to-earnings ratio of 9.19 and a beta of 1.83.
NCR (NYSE:NCR) last released its quarterly earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.03. NCR had a return on equity of 84.72% and a net margin of 5.11%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the company posted $0.87 earnings per share. The business’s revenue was down .8% on a year-over-year basis. equities analysts forecast that NCR will post 3.14 EPS for the current year.
NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.
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