NCR Corp. Receives “Hold” Rating from Zacks (NCR)
NCR Corp. (NYSE:NCR)‘s stock had its “hold” rating reaffirmed by Zacks in a report issued on Monday, Stock Ratings Network.com reports. They currently have a $38.00 price objective on the stock. Zacks‘ target price suggests a potential downside of 3.46% from the stock’s previous close.
Shares of NCR Corp. (NYSE:NCR) traded up 1.81% on Monday, hitting $39.36. The stock had a trading volume of 1,782,071 shares. NCR Corp. has a 52 week low of $20.92 and a 52 week high of $39.43. The stock’s 50-day moving average is $37.04 and its 200-day moving average is $32.28. The company has a market cap of $6.534 billion and a price-to-earnings ratio of 46.02.
NCR Corp. (NYSE:NCR) last announced its earnings results on Tuesday, July 30th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.02. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that NCR Corp. will post $2.75 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of NCR Corp. (NYSE:NCR) to $46.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of NCR Corp. (NYSE:NCR) from $36.00 to $44.00 in a research note to investors on Friday, August 16th. They now have an “outperform” rating on the stock. Finally, analysts at Compass Point raised their price target on shares of NCR Corp. (NYSE:NCR) from $36.00 to $44.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock.
Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $39.13.
In other NCR Corp. news, Director Linda Fayne Levinson sold 13,989 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $36.88, for a total value of $515,914.32. The sale was disclosed in a document filed with the SEC, which is available at this link.
NCR Corporation (NYSE:NCR) is a technology company, which provides products and services, which enable businesses to connect, interact and transact with their customers and enhance their customer relationships by addressing consumer demand for convenience, value and individual service.
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