NCR Atleos Corporation (NYSE:NATL) Receives $50.27 Average Target Price from Brokerages

NCR Atleos Corporation (NYSE:NATL) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $50.2667.

NATL has been the topic of several recent research reports. Wedbush downgraded shares of NCR Atleos from an “outperform” rating to a “hold” rating and upped their price objective for the company from $45.00 to $50.40 in a report on Friday, February 27th. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research report on Wednesday, March 4th. Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. DA Davidson reaffirmed a “neutral” rating and issued a $50.00 price objective (down from $60.00) on shares of NCR Atleos in a report on Friday, February 27th. Finally, Weiss Ratings upgraded shares of NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday.

NCR Atleos Stock Performance

Shares of NATL opened at $43.51 on Tuesday. The firm has a market cap of $3.20 billion, a PE ratio of 19.25 and a beta of 0.79. The stock’s fifty day moving average price is $41.63 and its two-hundred day moving average price is $39.27. The company has a debt-to-equity ratio of 6.65, a current ratio of 0.96 and a quick ratio of 0.78. NCR Atleos has a 1 year low of $22.30 and a 1 year high of $48.50.

NCR Atleos (NYSE:NATL) last posted its quarterly earnings results on Thursday, February 26th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.27. NCR Atleos had a return on equity of 84.28% and a net margin of 3.92%.The company had revenue of $1.15 billion during the quarter. During the same quarter in the previous year, the company posted $1.11 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year.

Institutional Trading of NCR Atleos

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fourth Sail Capital LP bought a new position in NCR Atleos in the 4th quarter worth about $33,597,000. Simcoe Capital Management LLC purchased a new stake in shares of NCR Atleos in the second quarter worth about $20,282,000. Engine Capital Management LP lifted its holdings in shares of NCR Atleos by 22.3% in the second quarter. Engine Capital Management LP now owns 2,415,779 shares of the company’s stock worth $68,922,000 after buying an additional 440,741 shares in the last quarter. Capital International Investors bought a new position in shares of NCR Atleos in the third quarter valued at approximately $16,466,000. Finally, Millennium Management LLC purchased a new position in NCR Atleos during the third quarter valued at approximately $14,900,000. 88.66% of the stock is currently owned by institutional investors.

NCR Atleos Company Profile

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.