NCR Corp. (NCR) Receives $33.00 Consensus Price Target from Analysts
NCR Corp. (NYSE:NCR) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are covering the firm. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $33.00.
NCR has been the topic of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $35.00 price objective on shares of NCR Corp. in a research note on Wednesday, July 20th. Zacks Investment Research raised shares of NCR Corp. from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, July 29th. TheStreet raised shares of NCR Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Finally, Wedbush raised their price objective on shares of NCR Corp. from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th.
In other NCR Corp. news, SVP Andrew S. Heyman sold 12,166 shares of the firm’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $34.54, for a total value of $420,213.64. Following the transaction, the senior vice president now owns 45,553 shares in the company, valued at approximately $1,573,400.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrea Ledford sold 6,455 shares of the firm’s stock in a transaction 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 approximately $3,179,305.08. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Washington Trust Bank raised its position in shares of NCR Corp. by 420.8% in the third quarter. Washington Trust Bank now owns 3,151 shares of the company’s stock worth $101,000 after buying an additional 2,546 shares during the last quarter. Integrated Wealth Management raised its position in NCR Corp. by 13,604.3% in the third quarter. Integrated Wealth Management now owns 3,152 shares of the company’s stock valued at $101,000 after buying an additional 3,129 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in NCR Corp. during the third quarter valued at approximately $102,000. Riverhead Capital Management LLC raised its position in NCR Corp. by 64.6% in the third quarter. Riverhead Capital Management LLC now owns 4,400 shares of the company’s stock valued at $142,000 after buying an additional 1,727 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in NCR Corp. during the second quarter valued at approximately $143,000. Institutional investors own 84.32% of the company’s stock.
Shares of NCR Corp. (NYSE:NCR) opened at 37.11 on Wednesday. The stock has a market cap of $4.61 billion, a P/E ratio of 24.74 and a beta of 1.85. NCR Corp. has a 1-year low of $18.02 and a 1-year high of $37.12. The company’s 50-day moving average is $32.65 and its 200-day moving average is $31.26.
NCR Corp. (NYSE:NCR) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.63 billion. NCR Corp. had a net margin of 3.75% and a return on equity of 73.31%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. Equities analysts expect that NCR Corp. will post $3.00 EPS for the current fiscal year.
NCR Corp. Company Profile
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.
Receive News & Stock Ratings for NCR Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR Corp. and related stocks with our FREE daily email newsletter.