NCR Co. (NYSE:NCR) Receives Consensus Recommendation of “Buy” from Brokerages

NCR Co. (NYSE:NCR – Get Rating) has received an average recommendation of “Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $53.00.

A number of brokerages have recently weighed in on NCR. TheStreet upgraded NCR from a “c” rating to a “b-” rating in a research note on Wednesday, February 9th. Zacks Investment Research downgraded NCR from a “hold” rating to a “sell” rating and set a $46.00 target price on the stock. in a research note on Thursday, February 10th. Finally, StockNews.com began coverage on NCR in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

NCR stock traded down $0.63 during midday trading on Friday, reaching $41.27. The stock had a trading volume of 17,464 shares, compared to its average volume of 1,301,871. NCR has a 12 month low of $34.30 and a 12 month high of $50.00. The company has a market capitalization of $5.61 billion, a P/E ratio of 72.24 and a beta of 1.62. The company has a fifty day moving average price of $39.98 and a two-hundred day moving average price of $40.66. The company has a current ratio of 1.02, a quick ratio of 0.76 and a debt-to-equity ratio of 4.37.

NCR (NYSE:NCR – Get Rating) last released its quarterly earnings results on Tuesday, February 8th. The information technology services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.05 billion. NCR had a return on equity of 30.86% and a net margin of 1.36%. The company’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. On average, equities research analysts predict that NCR will post 3.39 earnings per share for the current fiscal year.

In other NCR news, EVP Adrian Button sold 21,712 shares of the business’s stock in a transaction on Friday, February 18th. The shares were sold at an average price of $42.21, for a total transaction of $916,463.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of NCR. Confluence Wealth Services Inc. bought a new position in shares of NCR in the fourth quarter worth $26,000. Quent Capital LLC bought a new position in shares of NCR in the fourth quarter worth $29,000. CWM LLC increased its holdings in shares of NCR by 283.8% in the first quarter. CWM LLC now owns 1,063 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 786 shares during the period. UMB Bank N A MO bought a new position in shares of NCR in the fourth quarter worth $46,000. Finally, Eaton Vance Management bought a new position in shares of NCR in the fourth quarter worth $48,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

NCR Company Profile (Get Rating)

NCR Corporation provides various software and services worldwide. It operates through Payments & Network, Digital Banking, Self-Service Banking, Retail, and Hospitality segments. The company offers managed services and ATM-as-a-Service that allow banks to run their end-to-end ATM channels; software, services, and hardware, including interactive teller machines (ITM), as well as recycling, multi-function, and cash dispense ATMs; and digital banking solutions for financial institution's consumer and business customers.

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