NCR (NYSE:NCR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “NCR is one of the world’s leading consumer transaction technology providers. Estimates have remained stable off late. Going ahead, NCR’s growing exposure in the self-service kiosk space is encouraging, given the tremendous growth prospects. Furthermore, continuous product launches, growing popularity of its self-service offerings and synergies from acquisitions are the catalysts. Nonetheless, we remain slightly cautious about the weakness in the ATM business as large customers across North America, India, the Middle East and Africa delayed their spending. Additionally, a slow conversion to Windows 10 is the other primary reason behind softness in ATM business. Also, competition from Diebold Inc. and HP Inc., and a high debt burden remain concerns. The aforementioned factors may impact the company’s near-term results. The stock has underperformed the industry over the last one year.”

A number of other equities research analysts have also recently issued reports on NCR. ValuEngine upgraded shares of NCR from a “hold” rating to a “buy” rating in a report on Friday, December 1st. J P Morgan Chase & Co set a $45.00 price objective on shares of NCR and gave the stock a “buy” rating in a report on Saturday, October 21st. Morgan Stanley decreased their price objective on shares of NCR from $43.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. Finally, Royal Bank of Canada reiterated an “average” rating and issued a $44.00 price objective on shares of NCR in a report on Friday, October 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.57.

NCR (NCR) traded up $0.09 during trading on Wednesday, hitting $33.60. 1,408,400 shares of the stock traded hands, compared to its average volume of 1,320,519. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.01 and a current ratio of 1.42. NCR has a fifty-two week low of $29.20 and a fifty-two week high of $49.90. The stock has a market cap of $4,081.52, a PE ratio of 9.97 and a beta of 1.82.

NCR (NYSE:NCR) last issued its quarterly earnings data on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.03. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. NCR had a net margin of 5.11% and a return on equity of 84.72%. NCR’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. research analysts anticipate that NCR will post 3.14 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in NCR by 58.6% during the third quarter. Ameriprise Financial Inc. now owns 963,595 shares of the information technology services provider’s stock valued at $36,155,000 after acquiring an additional 356,171 shares during the period. Sterling Capital Management LLC boosted its holdings in NCR by 9.5% during the third quarter. Sterling Capital Management LLC now owns 2,959,613 shares of the information technology services provider’s stock valued at $111,045,000 after acquiring an additional 256,201 shares during the period. Janus Henderson Group PLC boosted its holdings in NCR by 3,424.9% during the second quarter. Janus Henderson Group PLC now owns 214,382 shares of the information technology services provider’s stock valued at $8,755,000 after acquiring an additional 208,300 shares during the period. Gamco Investors INC. ET AL bought a new stake in NCR during the second quarter valued at about $7,810,000. Finally, ETF Managers Group LLC bought a new stake in NCR during the second quarter valued at about $3,775,000. Hedge funds and other institutional investors own 90.38% of the company’s stock.

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About NCR

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.

Analyst Recommendations for NCR (NYSE:NCR)

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