NCR Atleos Corporation (NYSE:NATL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of NCR Atleos Corporation (NYSE:NATL) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $50.2667.

A number of equities analysts have weighed in on NATL shares. Weiss Ratings lowered NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. DA Davidson reiterated a “neutral” rating and set a $50.00 price target on shares of NCR Atleos in a research report on Monday, May 11th. Finally, Zacks Research lowered NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th.

Hedge Funds Weigh In On NCR Atleos

Institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC raised its position in shares of NCR Atleos by 245.7% during the 1st quarter. Sound Income Strategies LLC now owns 643 shares of the company’s stock valued at $28,000 after buying an additional 457 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in NCR Atleos by 66.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock worth $26,000 after acquiring an additional 276 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in NCR Atleos in the fourth quarter valued at $31,000. Global Retirement Partners LLC raised its position in NCR Atleos by 134.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,210 shares of the company’s stock valued at $46,000 after purchasing an additional 694 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in NCR Atleos during the fourth quarter valued at about $51,000. Institutional investors own 88.66% of the company’s stock.

NCR Atleos Stock Down 0.1%

NATL opened at $47.72 on Monday. The company has a fifty day moving average price of $44.83 and a 200-day moving average price of $43.31. The firm has a market capitalization of $3.52 billion, a P/E ratio of 20.57 and a beta of 0.60. 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 has a one year low of $26.43 and a one year high of $48.50.

NCR Atleos (NYSE:NATL) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share 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 during the quarter. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts expect that NCR Atleos will post 4.52 earnings per share for the current fiscal year.

NCR Atleos Company Profile

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.