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.
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.
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