Brokerages Set NCR Corporation (NCR) Price Target at $47.00

Shares of NCR Corporation (NYSE:NCR) have received a consensus recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $47.00.

Several brokerages have commented on NCR. BidaskClub downgraded NCR Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. TheStreet raised NCR Corporation from a “c+” rating to a “b” rating in a report on Thursday, July 20th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NCR Corporation in a report on Sunday, July 16th. Benchmark Co. reaffirmed a “buy” rating and set a $55.00 target price on shares of NCR Corporation in a report on Friday, July 21st. Finally, Zacks Investment Research downgraded NCR Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 5th.

NCR Corporation (NCR) traded up 0.05% during midday trading on Wednesday, reaching $36.64. The company had a trading volume of 714,353 shares. The stock has a 50-day moving average price of $36.06 and a 200 day moving average price of $40.51. The company has a market capitalization of $4.45 billion, a PE ratio of 22.58 and a beta of 1.91. NCR Corporation has a 12-month low of $29.83 and a 12-month high of $49.90.

NCR Corporation (NYSE:NCR) last announced its earnings results on Thursday, July 20th. The information technology services provider reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.04. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. Equities analysts forecast that NCR Corporation will post $3.37 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://sportsperspectives.com/2017/09/18/brokerages-set-ncr-corporation-ncr-price-target-at-47-00.html.

Institutional investors have recently modified their holdings of the stock. UBS Group AG increased its position in NCR Corporation by 85.6% in the 1st quarter. UBS Group AG now owns 77,048 shares of the information technology services provider’s stock valued at $3,520,000 after buying an additional 35,527 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in NCR Corporation in the 2nd quarter valued at about $571,000. Geode Capital Management LLC increased its position in NCR Corporation by 15.9% in the 1st quarter. Geode Capital Management LLC now owns 971,310 shares of the information technology services provider’s stock valued at $44,369,000 after buying an additional 133,110 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in NCR Corporation by 54.0% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,366,454 shares of the information technology services provider’s stock valued at $62,420,000 after buying an additional 479,003 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in NCR Corporation in the 1st quarter valued at about $273,000. 88.04% of the stock is owned by institutional investors and hedge funds.

About NCR Corporation

NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.

Analyst Recommendations for NCR Corporation (NYSE:NCR)

Receive News & Ratings for NCR Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply