NCR Co. (NCR) Given Average Rating of “Hold” by Brokerages

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.

NCR (NYSE:NCR) last issued its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.05. NCR had a net margin of 3.56% and a return on equity of 82.26%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the business earned $1.07 EPS. The company’s revenue was down 1.1% compared to the same quarter last year. equities analysts expect that NCR will post 3.33 earnings per share for the current fiscal year.

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.

Analyst Recommendations for NCR (NYSE:NCR)

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