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

Shares of NCR Co. (NYSE:NCRGet Rating) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $46.25.

Several equities analysts have weighed in on NCR shares. Morgan Stanley dropped their price objective on NCR from $61.00 to $40.00 in a report on Wednesday, April 27th. StockNews.com started coverage on NCR in a report on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet cut NCR from a “b-” rating to a “c” rating in a report on Tuesday, April 26th. Royal Bank of Canada decreased their price target on NCR from $54.00 to $44.00 in a research note on Wednesday, April 27th. Finally, Zacks Investment Research lowered NCR from a “hold” rating to a “sell” rating and set a $46.00 price target on the stock. in a research note on Thursday, February 10th.

In other news, EVP Adrian Button sold 21,712 shares of NCR stock in a transaction dated Friday, February 18th. The stock was sold at an average price of $42.21, for a total value of $916,463.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of NCR by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 12,636,852 shares of the information technology services provider’s stock worth $507,875,000 after purchasing an additional 58,418 shares in the last quarter. BlackRock Inc. raised its holdings in shares of NCR by 6.2% in the 4th quarter. BlackRock Inc. now owns 11,290,097 shares of the information technology services provider’s stock worth $453,862,000 after acquiring an additional 658,058 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of NCR by 18.8% in the 1st quarter. River Road Asset Management LLC now owns 7,422,993 shares of the information technology services provider’s stock worth $298,330,000 after acquiring an additional 1,176,368 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of NCR in the 4th quarter worth about $257,631,000. Finally, Adage Capital Partners GP L.L.C. raised its holdings in shares of NCR by 96.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 5,423,908 shares of the information technology services provider’s stock worth $218,041,000 after acquiring an additional 2,668,255 shares during the last quarter. 90.33% of the stock is currently owned by institutional investors.

NYSE:NCR opened at $33.48 on Tuesday. The stock has a market cap of $4.57 billion, a P/E ratio of 304.36 and a beta of 1.59. The stock has a 50 day simple moving average of $37.97 and a 200 day simple moving average of $39.75. The company has a current ratio of 1.05, a quick ratio of 0.77 and a debt-to-equity ratio of 4.16. NCR has a 1-year low of $28.00 and a 1-year high of $49.97.

NCR (NYSE:NCRGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The information technology services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). NCR had a net margin of 0.44% and a return on equity of 26.82%. During the same period last year, the firm earned $0.51 earnings per share. As a group, sell-side analysts forecast that NCR will post 2.8 EPS for the current year.

About NCR (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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