NCR (NYSE:NCR) Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of NCR (NYSE:NCR) from a buy rating to a hold rating in a research report sent to investors on Friday.

A number of other brokerages have also weighed in on NCR. Northcoast Research lowered shares of NCR from a buy rating to a neutral rating in a report on Thursday, September 7th. DA Davidson raised their target price on shares of NCR from $37.00 to $40.00 in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $32.25.

NCR Stock Up 1.4 %

Shares of NCR opened at $27.59 on Friday. The firm has a market cap of $3.89 billion, a PE ratio of 59.98 and a beta of 1.63. The company’s fifty day moving average is $28.13 and its two-hundred day moving average is $25.11. NCR has a fifty-two week low of $18.06 and a fifty-two week high of $30.99. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 3.42.

NCR (NYSE:NCR) last announced its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.31. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. NCR had a net margin of 1.03% and a return on equity of 25.41%. NCR’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. Analysts forecast that NCR will post 2.61 earnings per share for the current year.

Hedge Funds Weigh In On NCR

A number of hedge funds have recently made changes to their positions in NCR. Davidson Kempner Capital Management LP purchased a new stake in NCR during the 2nd quarter worth $3,780,000. Comerica Bank purchased a new stake in NCR during the 2nd quarter worth $1,320,000. Teachers Retirement System of The State of Kentucky increased its stake in NCR by 10.3% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 24,184 shares of the information technology services provider’s stock worth $609,000 after buying an additional 2,254 shares during the period. GTS Securities LLC purchased a new stake in NCR during the 2nd quarter worth $795,000. Finally, Alliancebernstein L.P. increased its stake in NCR by 7.3% during the 2nd quarter. Alliancebernstein L.P. now owns 296,785 shares of the information technology services provider’s stock worth $7,479,000 after buying an additional 20,097 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.