NCR Atleos Corporation (NYSE:NATL) Receives Average Recommendation of “Hold” from Analysts

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

NATL has been the topic of a number of research reports. DA Davidson restated a “neutral” rating and issued a $50.00 price objective on shares of NCR Atleos in a report on Monday, May 11th. Zacks Research lowered NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings cut shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a report on Wednesday, March 4th.

NCR Atleos Price Performance

Shares of NYSE:NATL opened at $44.17 on Thursday. NCR Atleos has a 12 month low of $23.56 and a 12 month high of $48.50. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 19.04 and a beta of 0.57. The stock’s 50 day moving average price is $44.32 and its 200 day moving average price is $42.40. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.98 and a quick ratio of 0.78.

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

Institutional Trading of NCR Atleos

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in NCR Atleos by 198.2% during the first quarter. Bank of America Corp DE now owns 1,861,433 shares of the company’s stock worth $81,121,000 after buying an additional 1,237,227 shares in the last quarter. Fourth Sail Capital LP bought a new position in shares of NCR Atleos in the fourth quarter valued at $33,597,000. Simcoe Capital Management LLC acquired a new stake in shares of NCR Atleos during the 2nd quarter valued at $20,282,000. Capital International Investors bought a new stake in shares of NCR Atleos during the 3rd quarter worth $16,466,000. Finally, Millennium Management LLC acquired a new position in shares of NCR Atleos in the 3rd quarter worth $14,900,000. 88.66% of the stock is owned by institutional investors and hedge funds.

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.