NCR Co. (NYSE:NCR) has earned an average rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $45.25.
NCR has been the subject of a number of analyst reports. ValuEngine raised shares of NCR from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. DA Davidson initiated coverage on shares of NCR in a research report on Wednesday. They issued a “neutral” rating and a $39.00 price objective for the company. Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “strong sell” rating in a research report on Monday, October 23rd. Morgan Stanley decreased their price objective on shares of NCR from $43.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, October 20th. Finally, Benchmark reissued a “buy” rating and issued a $44.00 price objective on shares of NCR in a research report on Wednesday.
Shares of NCR (NYSE NCR) traded down $2.95 during mid-day trading on Friday, reaching $30.56. 4,865,722 shares of the company’s stock traded hands, compared to its average volume of 1,216,753. The company has a quick ratio of 1.01, a current ratio of 1.42 and a debt-to-equity ratio of 3.86. NCR has a 12-month low of $29.20 and a 12-month high of $49.90. The firm has a market cap of $4,081.52, a price-to-earnings ratio of 36.38, a P/E/G ratio of 2.52 and a beta of 1.83.
In other news, EVP J. Robert Ciminera sold 1,937 shares of NCR stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $37.36, for a total value of $72,366.32. Following the completion of the transaction, the executive vice president now owns 6,802 shares of the company’s stock, valued at approximately $254,122.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC boosted its holdings in shares of NCR by 8.9% during the 2nd quarter. HighTower Advisors LLC now owns 6,448 shares of the information technology services provider’s stock worth $261,000 after buying an additional 525 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of NCR by 43.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,567 shares of the information technology services provider’s stock worth $223,000 after buying an additional 1,979 shares during the period. Oakbrook Investments LLC bought a new stake in shares of NCR during the 4th quarter worth about $226,000. Stoneridge Investment Partners LLC bought a new stake in shares of NCR during the 4th quarter worth about $289,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of NCR during the 4th quarter worth about $299,000. 89.41% of the stock is owned by institutional investors and hedge funds.
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NCR Company Profile
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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