Northcoast Research Downgrades NCR (NYSE:NCR) to Neutral

NCR (NYSE:NCR) was downgraded by stock analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a report released on Thursday, Marketbeat reports.

A number of other research firms have also recently issued reports on NCR. StockNews.com upgraded shares of NCR from a “hold” rating to a “buy” rating in a research report on Thursday. DA Davidson boosted their price objective on shares of NCR from $37.00 to $40.00 in a research report on Monday, August 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, NCR presently has an average rating of “Moderate Buy” and a consensus price target of $32.25.

NCR Stock Performance

NCR stock opened at $27.37 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $3.86 billion, a PE ratio of 59.50 and a beta of 1.63. The firm has a fifty day simple moving average of $27.94 and a two-hundred day simple moving average of $25.07. NCR has a twelve month low of $18.06 and a twelve month high of $32.83.

NCR (NYSE:NCR) last posted its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.31. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. NCR had a net margin of 1.03% and a return on equity of 25.41%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. Research analysts expect that NCR will post 2.61 EPS for the current year.

Hedge Funds Weigh In On NCR

Hedge funds and other institutional investors have recently modified their holdings of the stock. MQS Management LLC purchased a new position in shares of NCR during the first quarter valued at about $222,000. Clifford Capital Partners LLC increased its position in shares of NCR by 11.7% during the first quarter. Clifford Capital Partners LLC now owns 635,334 shares of the information technology services provider’s stock valued at $14,988,000 after buying an additional 66,598 shares during the period. Brown Advisory Inc. increased its position in shares of NCR by 58.0% during the first quarter. Brown Advisory Inc. now owns 1,480,637 shares of the information technology services provider’s stock valued at $34,928,000 after buying an additional 543,372 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in shares of NCR during the first quarter valued at about $35,000. Finally, Signaturefd LLC increased its position in shares of NCR by 9.8% during the first quarter. Signaturefd LLC now owns 6,003 shares of the information technology services provider’s stock valued at $142,000 after buying an additional 537 shares during the period. Hedge funds and other institutional investors own 89.75% of the company’s stock.

NCR Company Profile

NCR Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digital Banking, Payments & Network, and Self-Service Banking segments. It offers managed services, including ATM-as-a-Service solutions that allow banks to run their end-to-end ATM channels; software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers.