Northcoast Research Downgrades NCR Corp. to Neutral (NCR)
NCR Corp. (NYSE:NCR) was downgraded by equities research analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
NCR Corp. (NYSE:NCR) opened at 36.31 on Thursday. NCR Corp. has a 52-week low of $25.64 and a 52-week high of $41.63. The stock has a 50-day moving average of $34.10 and a 200-day moving average of $36.36. The company has a market cap of $6.042 billion and a P/E ratio of 40.91.
A number of other firms have also recently commented on NCR. Analysts at JPMorgan Chase & Co. initiated coverage on shares of NCR Corp. in a research note to investors on Monday, January 13th. They set a “focus list” rating on the stock. Separately, analysts at Compass Point raised their price target on shares of NCR Corp. from $40.00 to $50.00 in a research note to investors on Tuesday, January 7th. They now have a “focus list” rating on the stock. Finally, analysts at Wedbush cut their price target on shares of NCR Corp. from $33.00 to $32.00 in a research note to investors on Tuesday, December 3rd. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. NCR Corp. currently has an average rating of “Buy” and an average price target of $39.86.
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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