NCR Corporation (NCR) Given Average Rating of “Hold” by Brokerages

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.

COPYRIGHT VIOLATION NOTICE: “NCR Corporation (NCR) Given Average Rating of “Hold” by Brokerages” was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://transcriptdaily.com/2017/11/27/ncr-corporation-ncr-given-average-rating-of-hold-by-brokerages.html.

About NCR

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.

Analyst Recommendations for NCR (NYSE:NCR)

Receive News & Ratings for NCR Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply