Stock Traders Purchase High Volume of NCR Corp. Call Options (NCR)
Shares of NCR Corp. (NYSE:NCR) saw some unusual options trading activity on Friday. Investors purchased 17,036 call options on the stock, Analyst Ratings Network.com reports. This is an increase of 1,237% compared to the typical daily volume of 1,274 call options.
Several analysts have 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $39.50.
NCR Corp. (NYSE:NCR) opened at 36.25 on Monday. NCR Corp. has a one year low of $20.92 and a one year high of $38.52. The stock’s 50-day moving average is $36.60 and its 200-day moving average is $31.87. The company has a market cap of $6.028 billion and a P/E ratio of 40.06.
NCR Corp. (NYSE:NCR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that NCR Corp. will post $2.78 EPS 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 and enhance their customer relationships by addressing consumer demand for convenience, value and individual service.
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