NCR Price Target Raised to $29.00 at Wedbush (NCR)
Equities research analysts at Wedbush upped their price target on shares of NCR (NYSE: NCR) from $27.00 to $29.00 in a research note issued to investors on Wednesday, StocKRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock.
NCR has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of NCR from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, April 26th. They now have a $32.00 price target on the stock. Separately, analysts at Compass Point upgraded shares of NCR from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, April 17th. They now have a $33.00 price target on the stock, up previously from $30.00. Finally, analysts at JP Morgan Cazenove upgraded shares of NCR to a “focus list” rating in a research note to investors on Thursday, April 11th.
One analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $31.33.
NCR (NYSE: NCR) traded up 7.08% on Wednesday, hitting $29.20. NCR has a 1-year low of $20.05 and a 1-year high of $29.76. The stock’s 50-day moving average is currently $27.. The company has a market cap of $4.780 billion and a price-to-earnings ratio of 30.74.
NCR (NYSE: NCR) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.11. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the company posted $0.47 earnings per share. NCR’s revenue was up 13.3% compared to the same quarter last year. NCR has set its FY13 guidance at $2.70-2.80 EPS. On average, analysts predict that NCR will post $2.71 earnings per share for the current fiscal year.
NCR Corporation (NYSE: NCR) is a technology company, which provides products and services, which enable businesses to connect, interact and transact with their customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.