NCR (NCR) Rating Increased to Buy at ValuEngine
ValuEngine upgraded shares of NCR (NYSE:NCR) from a hold rating to a buy rating in a report released on Friday morning.
NCR has been the topic of several other research reports. Royal Bank Of Canada reissued an average rating and set a $44.00 target price on shares of NCR in a research report on Friday, October 20th. They noted that the move was a valuation call. J P Morgan Chase & Co set a $45.00 target price on shares of NCR and gave the stock a buy rating in a research report on Saturday, October 21st. BidaskClub downgraded shares of NCR from a sell rating to a strong sell rating in a research report on Saturday, August 5th. Morgan Stanley dropped their price objective on shares of NCR from $43.00 to $39.00 and set an equal weight rating on the stock in a report on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of NCR from a hold rating to a strong sell rating in a report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. NCR presently has an average rating of Hold and a consensus price target of $47.57.
Shares of NCR (NYSE:NCR) traded up $0.02 during trading on Friday, hitting $31.63. 1,384,000 shares of the stock were exchanged, compared to its average volume of 1,316,249. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.01 and a current ratio of 1.42. NCR has a 52-week low of $29.20 and a 52-week high of $49.90. The stock has a market cap of $3,850.00, a P/E ratio of 9.41 and a beta of 1.82.
NCR (NYSE:NCR) last issued its quarterly earnings data on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. NCR had a net margin of 5.11% and a return on equity of 84.72%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 EPS. equities research analysts expect that NCR will post 3.14 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Petrus Trust Company LTA acquired a new position in shares of NCR in the 2nd quarter valued at $233,000. HighTower Advisors LLC lifted its stake in shares of NCR by 8.9% in the 2nd quarter. HighTower Advisors LLC now owns 6,448 shares of the information technology services provider’s stock valued at $261,000 after purchasing an additional 525 shares during the period. First Mercantile Trust Co. acquired a new position in shares of NCR in the 2nd quarter valued at $349,000. First Allied Advisory Services Inc. lifted its stake in shares of NCR by 3.0% in the 2nd quarter. First Allied Advisory Services Inc. now owns 8,775 shares of the information technology services provider’s stock valued at $355,000 after purchasing an additional 257 shares during the period. Finally, Shelton Capital Management acquired a new position in shares of NCR in the 2nd quarter valued at $384,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.
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NCR Company Profile
NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.
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