NCR Atleos Corporation (NYSE:NATL) Given Average Rating of “Hold” by Brokerages

Shares of NCR Atleos Corporation (NYSE:NATL) have been assigned an average recommendation of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $50.2667.

Several brokerages recently commented on NATL. Weiss Ratings upgraded shares of NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. Zacks Research lowered NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th.

NCR Atleos Stock Down 0.7%

NYSE NATL opened at $46.29 on Tuesday. NCR Atleos has a 12 month low of $33.31 and a 12 month high of $48.50. The company’s 50 day simple moving average is $46.45 and its 200 day simple moving average is $45.05. The company has a market capitalization of $3.42 billion, a P/E ratio of 17.94 and a beta of 0.56. The company has a debt-to-equity ratio of 5.84, a current ratio of 1.03 and a quick ratio of 0.83.

NCR Atleos (NYSE:NATL) last issued its earnings results on Wednesday, August 5th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.44. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%.The business had revenue of $1.10 billion for the quarter. Equities research analysts expect that NCR Atleos will post 4.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NATL. Sound Income Strategies LLC boosted its holdings in NCR Atleos by 245.7% during the first quarter. Sound Income Strategies LLC now owns 643 shares of the company’s stock valued at $28,000 after acquiring an additional 457 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of NCR Atleos in the fourth quarter worth about $31,000. Public Employees Retirement System of Ohio bought a new position in shares of NCR Atleos in the second quarter worth about $83,000. Hanson & Doremus Investment Management lifted its position in shares of NCR Atleos by 19.3% during the 1st quarter. Hanson & Doremus Investment Management now owns 3,406 shares of the company’s stock worth $148,000 after purchasing an additional 550 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of NCR Atleos during the 2nd quarter worth about $161,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

NCR Atleos Company Profile

NCR Atleos Corporation (NYSE:NATL) is a financial technology company focused on self-service banking and cash-access solutions. The company provides automated teller machines (ATMs), ATM software, transaction processing, cash-management services and related technology to financial institutions, retailers and independent ATM operators.

Its offerings include the deployment, maintenance and management of ATMs, as well as managed services designed to help financial institutions operate parts of their physical banking infrastructure.