Brokerages Set NCR Corp. (NYSE:NCR) Target Price at $31.17
Shares of NCR Corp. (NYSE:NCR) have been given an average recommendation of “Buy” by the eleven research firms that are covering the stock. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $31.17.
NCR has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on NCR Corp. from $37.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 15th. TheStreet raised NCR Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research raised NCR Corp. from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, July 29th. Finally, Wedbush lifted their target price on NCR Corp. from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th.
In other news, EVP Andrea Ledford sold 6,455 shares of NCR Corp. stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $34.02, for a total value of $219,599.10. Following the completion of the transaction, the executive vice president now owns 93,454 shares in the company, valued at $3,179,305.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew S. Heyman sold 16,119 shares of NCR Corp. stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $31.17, for a total transaction of $502,429.23. Following the completion of the transaction, the senior vice president now owns 24,396 shares of the company’s stock, valued at approximately $760,423.32. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of NCR. Aperio Group LLC boosted its position in NCR Corp. by 3.5% in the first quarter. Aperio Group LLC now owns 33,761 shares of the company’s stock worth $1,010,000 after buying an additional 1,157 shares during the period. Ngam Advisors L.P. boosted its position in NCR Corp. by 7.6% in the first quarter. Ngam Advisors L.P. now owns 191,519 shares of the company’s stock valued at $5,733,000 after buying an additional 13,579 shares during the period. Teachers Advisors Inc. boosted its position in NCR Corp. by 13.2% in the first quarter. Teachers Advisors Inc. now owns 505,805 shares of the company’s stock valued at $15,139,000 after buying an additional 59,082 shares during the period. Prudential Financial Inc. boosted its position in NCR Corp. by 1.4% in the first quarter. Prudential Financial Inc. now owns 1,422,032 shares of the company’s stock valued at $42,561,000 after buying an additional 19,570 shares during the period. Finally, BlackRock Inc. boosted its position in NCR Corp. by 5.1% in the first quarter. BlackRock Inc. now owns 63,590 shares of the company’s stock valued at $1,903,000 after buying an additional 3,079 shares during the period. Institutional investors own 83.93% of the company’s stock.
NCR Corp. (NYSE:NCR) opened at 31.95 on Wednesday. NCR Corp. has a 52 week low of $18.02 and a 52 week high of $34.99. The firm’s 50-day moving average price is $32.66 and its 200-day moving average price is $30.75. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 22.76 and a beta of 1.81.
NCR Corp. (NYSE:NCR) last released its earnings results on Tuesday, July 26th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.08. NCR Corp. had a return on equity of 52.33% and a net margin of 3.68%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the business earned $0.66 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts expect that NCR Corp. will post $2.95 earnings per share for the current year.
About NCR Corp.
NCR Corporation is a technology company that provides products and services that enable businesses to connect, interact and transact with their customers. The Company operates through four segments: Financial Services, Retail Solutions, Hospitality and Emerging Industries. Its portfolio of self-service and assisted-service solutions serve customers in the financial services, retail, hospitality, travel and telecommunications and technology industries.
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