Brokerages Set NCR Atleos Corporation (NYSE:NATL) Price Target at $50.27

Shares of NCR Atleos Corporation (NYSE:NATL) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $50.2667.

Several research firms have weighed in on NATL. Zacks Research upgraded NCR Atleos from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Wolfe Research lowered shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research report on Wednesday, March 4th. Wedbush lowered shares of NCR Atleos from an “outperform” rating to a “hold” rating and lifted their price target for the company from $45.00 to $50.40 in a research report on Friday, February 27th. Finally, DA Davidson reissued a “neutral” rating and issued a $50.00 price target on shares of NCR Atleos in a research report on Monday, May 11th.

Hedge Funds Weigh In On NCR Atleos

A number of institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC raised its position in shares of NCR Atleos by 66.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock valued at $26,000 after purchasing an additional 276 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of NCR Atleos by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,867 shares of the company’s stock valued at $643,000 after purchasing an additional 300 shares during the period. Arizona State Retirement System raised its position in shares of NCR Atleos by 1.5% in the third quarter. Arizona State Retirement System now owns 21,736 shares of the company’s stock valued at $854,000 after purchasing an additional 318 shares during the period. Federated Hermes Inc. raised its position in shares of NCR Atleos by 0.3% in the second quarter. Federated Hermes Inc. now owns 115,565 shares of the company’s stock valued at $3,297,000 after purchasing an additional 397 shares during the period. Finally, Amalgamated Bank raised its position in shares of NCR Atleos by 2.0% in the third quarter. Amalgamated Bank now owns 21,299 shares of the company’s stock valued at $837,000 after purchasing an additional 416 shares during the period. Institutional investors own 88.66% of the company’s stock.

NCR Atleos Stock Performance

NATL stock opened at $44.45 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.98 and a debt-to-equity ratio of 6.83. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 19.16 and a beta of 0.61. NCR Atleos has a 12 month low of $23.56 and a 12 month high of $48.50. The firm has a 50 day moving average of $44.22 and a two-hundred day moving average of $40.71.

NCR Atleos (NYSE:NATL) last posted its earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.24). NCR Atleos had a net margin of 3.98% and a return on equity of 78.64%. The company had revenue of $1.04 billion for the quarter. During the same quarter in the prior year, the business posted $0.64 EPS. NCR Atleos’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that NCR Atleos will post 4.52 EPS for the current fiscal year.

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.