Brokerages Set NCR Co. (NYSE:NCR) PT at $36.89

NCR Co. (NYSE:NCR) has received an average recommendation of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $36.89.

A number of brokerages have recently weighed in on NCR. Oppenheimer boosted their price objective on shares of NCR from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 10th. Morgan Stanley boosted their price objective on shares of NCR from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 27th. Finally, Stephens boosted their target price on shares of NCR from $39.00 to $49.00 in a research report on Monday, January 11th.

In other NCR news, EVP Adrian Button sold 3,745 shares of the business’s stock in a transaction on Wednesday, February 24th. The shares were sold at an average price of $35.32, for a total value of $132,273.40. Following the sale, the executive vice president now owns 7,541 shares of the company’s stock, valued at approximately $266,348.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in NCR. UBS Asset Management Americas Inc. increased its holdings in NCR by 15.7% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 208,976 shares of the information technology services provider’s stock valued at $4,627,000 after buying an additional 28,336 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of NCR by 27.3% in the 3rd quarter. State of Tennessee Treasury Department now owns 232,854 shares of the information technology services provider’s stock valued at $5,155,000 after purchasing an additional 50,000 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of NCR in the 3rd quarter valued at $778,000. Greenlight Capital Inc. acquired a new stake in shares of NCR in the 3rd quarter valued at $31,068,000. Finally, AQR Capital Management LLC boosted its stake in shares of NCR by 543.6% in the 3rd quarter. AQR Capital Management LLC now owns 691,228 shares of the information technology services provider’s stock valued at $15,304,000 after purchasing an additional 583,825 shares in the last quarter. 88.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NCR stock opened at $38.60 on Monday. The firm has a fifty day simple moving average of $36.49 and a 200-day simple moving average of $31.00. The company has a current ratio of 1.75, a quick ratio of 1.43 and a debt-to-equity ratio of 3.56. NCR has a 1-year low of $15.18 and a 1-year high of $39.52. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 12.10 and a beta of 1.84.

NCR (NYSE:NCR) last issued its quarterly earnings data on Monday, February 8th. The information technology services provider reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.03). NCR had a return on equity of 24.08% and a net margin of 7.13%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. NCR’s quarterly revenue was down 13.5% compared to the same quarter last year. As a group, research analysts predict that NCR will post 1.71 earnings per share for the current year.

About NCR

NCR Corporation provides software and services worldwide. It operates through Banking, Retail, Hospitality, and Other segments. The Banking segment offers solutions for financial services industry, including digital banking, branch transformation, and digital connected services; software solutions and platforms, such as a multi-vendor ATM management systems software application suites; payment processing software; fraud and loss prevention applications; and cash management and video banking software, as well as related hardware products comprise ATMs, interactive teller machines, cash dispensers, and image processing and check hardware.

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Analyst Recommendations for NCR (NYSE:NCR)

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