Stifel Nicolaus Raises NCR Atleos (NYSE:NATL) Price Target to $37.00

NCR Atleos (NYSE:NATL) had its price objective upped by Stifel Nicolaus from $32.00 to $37.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential downside of 0.30% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen raised NCR Atleos from a “hold” rating to a “buy” rating in a research report on Saturday. Wedbush raised their price target on NCR Atleos from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday.

NCR Atleos Stock Performance

NATL opened at $37.11 on Friday. The company has a debt-to-equity ratio of 8.00, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 21.09 and a beta of 1.02.

NCR Atleos (NYSE:NATL) last issued its quarterly earnings data on Saturday, August 9th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. NCR Atleos had a return on equity of 80.62% and a net margin of 3.09%. During the same quarter in the prior year, the company earned $0.39 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year.

Institutional Investors Weigh In On NCR Atleos

An institutional investor recently raised its position in NCR Atleos stock. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in NCR Atleos Corporation (NYSE:NATL) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,815 shares of the company’s stock after purchasing an additional 370 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in NCR Atleos were worth $993,000 at the end of the most recent quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

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.