NCR Corporation (NCR) Receives Average Recommendation of “Buy” from Brokerages
Shares of NCR Corporation (NYSE:NCR) have earned an average rating of “Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $46.50.
Several brokerages have issued reports on NCR. Royal Bank Of Canada restated a “buy” rating on shares of NCR Corporation in a research note on Tuesday, March 14th. Citigroup Inc. upgraded NCR Corporation to an “outperform” rating and set a $51.00 target price on the stock in a research note on Thursday, March 16th. Oppenheimer Holdings, Inc. upgraded NCR Corporation from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research note on Thursday, March 16th. CIBC upgraded NCR Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 16th. Finally, Zacks Investment Research upgraded NCR Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Wednesday, April 12th.
COPYRIGHT VIOLATION NOTICE: “NCR Corporation (NCR) Receives Average Recommendation of “Buy” from Brokerages” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/06/25/ncr-co-ncr-receives-consensus-recommendation-of-buy-from-analysts-updated.html.
In other NCR Corporation news, EVP J. Robert Ciminera sold 3,086 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total value of $131,093.28. Following the transaction, the executive vice president now directly owns 9,888 shares in the company, valued at approximately $420,042.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Weiss Asset Management LP acquired a new position in shares of NCR Corporation during the third quarter worth $237,000. Russell Investments Group Ltd. acquired a new position in shares of NCR Corporation during the fourth quarter worth $6,431,000. Cantab Capital Partners LLP raised its position in shares of NCR Corporation by 417.5% in the fourth quarter. Cantab Capital Partners LLP now owns 8,269 shares of the information technology services provider’s stock worth $335,000 after buying an additional 6,671 shares in the last quarter. Bogle Investment Management L P DE acquired a new position in shares of NCR Corporation during the fourth quarter worth $13,816,000. Finally, Tudor Investment Corp Et Al acquired a new position in shares of NCR Corporation during the fourth quarter worth $1,303,000. Institutional investors and hedge funds own 89.31% of the company’s stock.
Shares of NCR Corporation (NYSE:NCR) opened at 38.64 on Monday. The stock has a 50 day moving average of $40.66 and a 200 day moving average of $42.91. NCR Corporation has a 52 week low of $25.20 and a 52 week high of $49.90. The firm has a market cap of $4.69 billion, a P/E ratio of 27.04 and a beta of 1.91.
NCR Corporation (NYSE:NCR) last posted its quarterly earnings data on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.10. NCR Corporation had a return on equity of 88.93% and a net margin of 4.49%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. Equities analysts forecast that NCR Corporation will post $3.37 earnings per share for the current year.
About NCR Corporation
NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.
Receive News & Stock Ratings for NCR Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR Corporation and related stocks with our FREE daily email newsletter.