TheStreet upgraded shares of NCR (NYSE:NCR) from a c rating to a b- rating in a research report sent to investors on Tuesday morning, TheStreetRatingsTable reports.
A number of other research analysts also recently commented on NCR. Standpoint Research assumed coverage on NCR in a research note on Monday, December 23rd. They issued an accumulate rating on the stock. Stephens assumed coverage on NCR in a research note on Tuesday, December 3rd. They issued an equal weight rating and a $38.00 target price on the stock. Finally, Royal Bank of Canada boosted their target price on NCR to $48.00 and gave the company a top pick rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $38.63.
Shares of NYSE NCR opened at $32.93 on Tuesday. The business’s 50-day moving average price is $34.54 and its two-hundred day moving average price is $32.43. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.35 and a quick ratio of 0.98. NCR has a one year low of $25.93 and a one year high of $35.87. The company has a market capitalization of $4.22 billion, a P/E ratio of 91.47 and a beta of 1.62.
NCR (NYSE:NCR) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. NCR had a return on equity of 79.96% and a net margin of 1.30%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. On average, equities analysts anticipate that NCR will post 2.8 EPS for the current year.
In related news, SVP Adrian Button sold 8,238 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $33.29, for a total transaction of $274,243.02. Following the completion of the transaction, the senior vice president now owns 11,654 shares of the company’s stock, valued at approximately $387,961.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Bedore sold 2,707 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $32.45, for a total value of $87,842.15. Following the transaction, the executive vice president now directly owns 48,700 shares of the company’s stock, valued at approximately $1,580,315. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in NCR by 3.7% in the 2nd quarter. BlackRock Inc. now owns 10,888,105 shares of the information technology services provider’s stock valued at $338,619,000 after acquiring an additional 390,502 shares in the last quarter. LSV Asset Management raised its holdings in NCR by 0.7% in the 4th quarter. LSV Asset Management now owns 5,060,983 shares of the information technology services provider’s stock valued at $177,944,000 after acquiring an additional 33,918 shares in the last quarter. State Street Corp raised its holdings in NCR by 3.2% in the 4th quarter. State Street Corp now owns 4,647,151 shares of the information technology services provider’s stock valued at $163,394,000 after acquiring an additional 142,524 shares in the last quarter. River Road Asset Management LLC raised its holdings in NCR by 37.1% in the 4th quarter. River Road Asset Management LLC now owns 2,797,658 shares of the information technology services provider’s stock valued at $98,366,000 after acquiring an additional 756,454 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in NCR by 103.5% in the 4th quarter. Westfield Capital Management Co. LP now owns 2,753,407 shares of the information technology services provider’s stock valued at $96,810,000 after acquiring an additional 1,400,688 shares in the last quarter. 92.00% of the stock is owned by hedge funds and other institutional investors.
NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, applications, and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
Receive News & Ratings for NCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR and related companies with MarketBeat.com's FREE daily email newsletter.