NCR Atleos Corporation (NYSE:NATL) Given Consensus Rating of “Hold” by Brokerages

NCR Atleos Corporation (NYSE:NATL) has been given an average recommendation of “Hold” by the six research firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $50.2667.

NATL has been the topic of several research reports. Wolfe Research lowered NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research report on Wednesday, March 4th. DA Davidson reissued a “neutral” rating and issued a $50.00 price target on shares of NCR Atleos in a research report on Monday, May 11th. Zacks Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Finally, Wedbush cut shares of NCR Atleos from an “outperform” rating to a “hold” rating and raised their price target for the company from $45.00 to $50.40 in a research report on Friday, February 27th.

Institutional Investors Weigh In On NCR Atleos

Several large investors have recently bought and sold shares of the stock. State Street Corp increased its holdings in NCR Atleos by 0.9% during the 4th quarter. State Street Corp now owns 2,792,251 shares of the company’s stock worth $106,413,000 after purchasing an additional 25,510 shares during the period. Engine Capital Management LP increased its holdings in NCR Atleos by 7.2% during the 4th quarter. Engine Capital Management LP now owns 2,581,525 shares of the company’s stock worth $98,382,000 after purchasing an additional 172,846 shares during the period. Bank of America Corp DE increased its holdings in NCR Atleos by 198.2% during the 1st quarter. Bank of America Corp DE now owns 1,861,433 shares of the company’s stock worth $81,121,000 after purchasing an additional 1,237,227 shares during the period. Dimensional Fund Advisors LP increased its holdings in NCR Atleos by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,636,083 shares of the company’s stock worth $71,293,000 after purchasing an additional 58,745 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in NCR Atleos by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,398,747 shares of the company’s stock worth $53,306,000 after purchasing an additional 157,429 shares during the period. Hedge funds and other institutional investors own 88.66% of the company’s stock.

NCR Atleos Price Performance

NATL opened at $44.16 on Friday. The stock’s 50-day moving average price is $44.46 and its 200 day moving average price is $41.45. NCR Atleos has a 12-month low of $23.56 and a 12-month high of $48.50. The company has a current ratio of 0.98, a quick ratio of 0.78 and a debt-to-equity ratio of 6.83. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 19.03 and a beta of 0.57.

NCR Atleos (NYSE:NATL) last posted its earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.24). NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.The firm had revenue of $1.04 billion for the quarter. During the same quarter last year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that NCR Atleos will post 4.52 earnings per share for the current year.

About NCR Atleos

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.