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

NCR Atleos Corporation (NYSE:NATL) has received a consensus rating of “Hold” from the six brokerages that are currently 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 twelve-month price target among analysts that have issued a report on the stock in the last year is $50.2667.

NATL has been the topic of several research analyst reports. Wedbush lowered NCR Atleos from an “outperform” rating to a “hold” rating and upped their target price for the company from $45.00 to $50.40 in a research report on Friday, February 27th. Wolfe Research lowered NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Weiss Ratings upgraded NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 24th. Stifel Nicolaus set a $50.40 target price on NCR Atleos in a research report on Wednesday, March 4th. Finally, DA Davidson restated a “neutral” rating and set a $50.00 target price (down from $60.00) on shares of NCR Atleos in a research report on Friday, February 27th.

NCR Atleos Trading Up 0.2%

NYSE NATL opened at $45.78 on Friday. The business’s 50-day moving average price is $43.65 and its two-hundred day moving average price is $39.86. NCR Atleos has a 12 month low of $23.24 and a 12 month high of $48.50. The firm has a market capitalization of $3.38 billion, a PE ratio of 20.26 and a beta of 0.78. The company has a current ratio of 0.96, a quick ratio of 0.78 and a debt-to-equity ratio of 6.65.

NCR Atleos (NYSE:NATL) last announced its earnings results on Thursday, February 26th. The company reported $1.49 EPS for the quarter, beating 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 for the quarter. During the same quarter in the previous year, the company earned $1.11 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect that NCR Atleos will post 4.52 EPS for the current year.

Institutional Investors Weigh In On NCR Atleos

Several institutional investors and hedge funds have recently made changes to their positions in the business. Fourth Sail Capital LP bought a new position in NCR Atleos in the fourth quarter worth approximately $33,597,000. Simcoe Capital Management LLC bought a new position in NCR Atleos in the second quarter worth approximately $20,282,000. Capital International Investors bought a new position in NCR Atleos in the third quarter worth approximately $16,466,000. Millennium Management LLC bought a new position in NCR Atleos in the third quarter worth approximately $14,900,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in NCR Atleos in the third quarter worth approximately $14,188,000. Institutional investors own 88.66% of the company’s stock.

About NCR Atleos

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.