NCR Corp. Receives Neutral Rating from Zacks (NCR)
NCR Corp. (NYSE:NCR)‘s stock had its “neutral” rating restated by Zacks in a research report issued to clients and investors on Monday, AnalystRatingsNetwork.com reports. They currently have a $38.00 target price on the stock. Zacks‘ target price points to a potential upside of 4.83% from the company’s current price.
Shares of NCR Corp. (NYSE:NCR) traded down 0.91% on Monday, hitting $35.92. 2,176,654 shares of the company’s stock traded hands. NCR Corp. has a 52 week low of $20.92 and a 52 week high of $38.52. The stock has a 50-day moving average of $36.60 and a 200-day moving average of $31.87. The company has a market cap of $5.973 billion and a P/E ratio of 40.06. NCR Corp. also saw unusually large options trading activity on Friday. Stock traders bought 17,036 call options on the company. This is an increase of 1,237% compared to the average daily volume of 1,274 call options.
NCR Corp. (NYSE:NCR) last released its earnings data on Thursday, October 24th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.08. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the company posted $0.64 earnings per share. NCR Corp.’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that NCR Corp. will post $2.78 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Compass Point downgraded shares of NCR Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday. They now have a $40.00 price target on the stock, down previously from $47.00. Separately, analysts at Susquehanna raised their price target on shares of NCR Corp. from $40.00 to $47.00 in a research note to investors on Thursday, October 17th. They now have a “positive” rating on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. NCR Corp. presently has a consensus rating of “Buy” and an average target price of $39.50.
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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