NCR Corporation (NCR) Receives Consensus Recommendation of “Hold” from Brokerages
NCR Corporation (NYSE:NCR) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $47.57.
Several research analysts recently commented on NCR shares. Royal Bank Of Canada restated a “buy” rating on shares of NCR Corporation in a report on Sunday, July 16th. Compass Point started coverage on shares of NCR Corporation in a report on Tuesday, July 18th. They issued a “buy” rating and a $48.00 price target on the stock. Zacks Investment Research lowered shares of NCR Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. Morgan Stanley cut their price target on shares of NCR Corporation from $43.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, October 20th. Finally, Benchmark Co. restated a “buy” rating and issued a $55.00 price target on shares of NCR Corporation in a report on Friday, July 21st.
Shares of NCR Corporation (NYSE NCR) traded down $0.27 on Thursday, reaching $30.11. The company had a trading volume of 668,469 shares, compared to its average volume of 1,630,000. The stock has a market cap of $3,670.00, a PE ratio of 9.01 and a beta of 1.83. NCR Corporation has a 1 year low of $30.00 and a 1 year high of $49.90. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.42 and a quick ratio of 1.01.
NCR Corporation (NYSE:NCR) last announced its quarterly earnings data on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. NCR Corporation had a net margin of 5.11% and a return on equity of 84.72%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. equities analysts anticipate that NCR Corporation will post 3.14 EPS for the current year.
A number of large investors have recently modified their holdings of the business. Wellington Management Group LLP acquired a new stake in shares of NCR Corporation during the first quarter worth approximately $1,413,000. Teachers Advisors LLC grew its position in shares of NCR Corporation by 8.4% during the first quarter. Teachers Advisors LLC now owns 621,375 shares of the information technology services provider’s stock worth $28,384,000 after buying an additional 48,025 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of NCR Corporation by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 7,223 shares of the information technology services provider’s stock worth $330,000 after buying an additional 130 shares in the last quarter. Thrivent Financial For Lutherans grew its position in shares of NCR Corporation by 11.3% during the first quarter. Thrivent Financial For Lutherans now owns 23,510 shares of the information technology services provider’s stock worth $1,074,000 after buying an additional 2,380 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of NCR Corporation during the first quarter worth approximately $114,000. 87.81% of the stock is owned by institutional investors.
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.
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