NCR (NYSE:NCR) PT Lowered to $21.00

NCR (NYSE:NCR) had its price objective reduced by JPMorgan Chase & Co. from $22.00 to $21.00 in a research note issued to investors on Wednesday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the information technology services provider’s stock.

NCR has been the topic of a number of other reports. DA Davidson dropped their price target on shares of NCR from $41.00 to $30.00 and set a buy rating on the stock in a research note on Friday, April 3rd. Wells Fargo & Co reduced their target price on NCR from $45.00 to $25.00 and set an overweight rating for the company in a report on Thursday, April 2nd. Oppenheimer restated a buy rating and set a $25.00 target price (up from $20.00) on shares of NCR in a research report on Friday, May 1st. Royal Bank of Canada reiterated a buy rating and issued a $28.00 price target on shares of NCR in a report on Thursday, April 23rd. Finally, Benchmark reduced their price objective on shares of NCR from $36.00 to $30.00 and set a buy rating for the company in a research note on Tuesday, July 28th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $26.38.

Shares of NCR stock opened at $18.43 on Wednesday. The company has a market capitalization of $2.36 billion, a P/E ratio of 5.96 and a beta of 1.69. The company has a current ratio of 1.80, a quick ratio of 1.26 and a debt-to-equity ratio of 4.28. The business’s 50 day moving average is $17.59 and its two-hundred day moving average is $22.06. NCR has a twelve month low of $10.55 and a twelve month high of $35.87.

NCR (NYSE:NCR) last posted its quarterly earnings data on Tuesday, July 28th. The information technology services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.43 billion. NCR had a net margin of 6.72% and a return on equity of 31.37%. NCR’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.76 EPS. As a group, equities analysts predict that NCR will post 1.53 earnings per share for the current fiscal year.

In other NCR news, CAO Beth Potter sold 19,534 shares of NCR stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $19.95, for a total value of $389,703.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in NCR during the 4th quarter worth approximately $52,738,000. Eminence Capital LP purchased a new position in shares of NCR in the 1st quarter valued at $16,306,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of NCR by 49.4% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,489,191 shares of the information technology services provider’s stock valued at $44,059,000 after acquiring an additional 822,522 shares in the last quarter. Macquarie Group Ltd. boosted its position in NCR by 27.1% during the 4th quarter. Macquarie Group Ltd. now owns 2,334,952 shares of the information technology services provider’s stock worth $82,097,000 after purchasing an additional 497,918 shares during the period. Finally, Crescent Grove Advisors LLC increased its holdings in NCR by 188.7% in the 1st quarter. Crescent Grove Advisors LLC now owns 554,486 shares of the information technology services provider’s stock valued at $9,814,000 after purchasing an additional 362,420 shares in the last quarter. Institutional investors own 89.99% of the company’s stock.

NCR Company Profile

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, applications, and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.

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Analyst Recommendations for NCR (NYSE:NCR)

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