Brokerages Set NCR Voyix Co. (NYSE:VYX) Target Price at $18.83

Shares of NCR Voyix Co. (NYSE:VYX) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $18.83.

Several equities analysts have commented on the stock. Northcoast Research raised shares of NCR Voyix from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, March 12th. Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of NCR Voyix in a research report on Monday, March 25th. DA Davidson reaffirmed a “buy” rating and issued a $20.00 price target on shares of NCR Voyix in a research report on Thursday, March 28th. The Goldman Sachs Group began coverage on NCR Voyix in a research report on Monday, March 18th. They set a “neutral” rating and a $14.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 target price on shares of NCR Voyix in a report on Friday, April 5th.

Hedge Funds Weigh In On NCR Voyix

A number of institutional investors have recently modified their holdings of VYX. Fifth Third Bancorp bought a new position in NCR Voyix during the first quarter worth about $43,000. SYSTM Wealth Solutions LLC acquired a new position in shares of NCR Voyix during the 1st quarter worth about $46,000. Hanson & Doremus Investment Management acquired a new stake in shares of NCR Voyix in the 1st quarter valued at approximately $84,000. Everence Capital Management Inc. bought a new position in shares of NCR Voyix in the 1st quarter valued at about $221,000. Finally, Mutual of America Capital Management LLC bought a new position in shares of NCR Voyix during the 1st quarter worth approximately $292,000. 97.00% of the stock is owned by institutional investors.

NCR Voyix Stock Performance

VYX opened at $12.17 on Tuesday. The business has a fifty day simple moving average of $12.34 and a 200-day simple moving average of $14.51. The firm has a market cap of $1.76 billion, a PE ratio of -4.04 and a beta of 1.54. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 102.52. NCR Voyix has a fifty-two week low of $10.99 and a fifty-two week high of $19.01.

NCR Voyix (NYSE:VYX) last issued its earnings results on Thursday, February 29th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.82 by ($0.92). NCR Voyix had a positive return on equity of 21.46% and a negative net margin of 5.98%. The business had revenue of $963.00 million during the quarter, compared to analyst estimates of $959.23 million. The firm’s revenue was down .3% compared to the same quarter last year. As a group, equities analysts predict that NCR Voyix will post 0.48 EPS for the current fiscal year.

About NCR Voyix

NCR Voyix Corporation provides various software and services in the United States, the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Retail; Restaurants; and Digital Banking. It offers software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers.