Wedbush Reaffirms Outperform Rating for NCR Atleos (NYSE:NATL)

NCR Atleos (NYSE:NATL)‘s stock had its “outperform” rating reiterated by Wedbush in a report issued on Friday,RTT News reports. They presently have a $45.00 price target on the stock. Wedbush’s price target would suggest a potential upside of 26.76% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Wall Street Zen raised shares of NCR Atleos from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NCR Atleos in a report on Wednesday, October 8th. Stifel Nicolaus lifted their price objective on shares of NCR Atleos from $32.00 to $37.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Finally, Zacks Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.00.

NCR Atleos Price Performance

NYSE NATL traded up $0.51 on Friday, hitting $35.50. The stock had a trading volume of 931,370 shares, compared to its average volume of 388,921. The business has a fifty day moving average of $38.50. The company has a market capitalization of $2.61 billion, a PE ratio of 19.94 and a beta of 0.97. The company has a debt-to-equity ratio of 8.43, a quick ratio of 0.84 and a current ratio of 1.02. NCR Atleos has a 52-week low of $22.30 and a 52-week high of $42.23.

NCR Atleos (NYSE:NATL) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.19. The company had revenue of $1.12 billion during the quarter. NCR Atleos had a return on equity of 81.96% and a net margin of 3.11%.The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. NCR Atleos has set its FY 2025 guidance at 3.896-4.089 EPS.

Institutional Investors Weigh In On NCR Atleos

Several institutional investors have recently bought and sold shares of the company. First Horizon Corp purchased a new stake in NCR Atleos during the 3rd quarter worth approximately $28,000. Steward Partners Investment Advisory LLC lifted its position in shares of NCR Atleos by 60.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company’s stock valued at $29,000 after acquiring an additional 384 shares in the last quarter. Salomon & Ludwin LLC boosted its stake in shares of NCR Atleos by 1,327.5% in the third quarter. Salomon & Ludwin LLC now owns 728 shares of the company’s stock worth $29,000 after acquiring an additional 677 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of NCR Atleos by 407.5% during the third quarter. Jones Financial Companies Lllp now owns 878 shares of the company’s stock worth $34,000 after purchasing an additional 705 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in NCR Atleos by 27.8% in the 3rd quarter. Blue Trust Inc. now owns 1,720 shares of the company’s stock valued at $68,000 after purchasing an additional 374 shares during the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.

NCR Atleos Company Profile

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.