NCR Corp. Price Target Cut to $40.00 (NCR)
Equities research analysts at Oppenheimer dropped their target price on shares of NCR Corp. (NYSE:NCR) from $47.00 to $40.00 in a research note issued to investors on Friday, American Banking News reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 24.73% from the stock’s previous close.
Shares of NCR Corp. (NYSE:NCR) traded down 8.32% during mid-day trading on Friday, hitting $32.07. The stock had a trading volume of 10,353,866 shares. NCR Corp. has a 52 week low of $25.64 and a 52 week high of $41.63. The stock’s 50-day moving average is $35.0 and its 200-day moving average is $36.38. The company has a market cap of $5.336 billion and a P/E ratio of 38.65.
NCR Corp. (NYSE:NCR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.80 by $0.03. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts expect that NCR Corp. will post $2.78 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on NCR. Analysts at Northcoast Research downgraded shares of NCR Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 23rd. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.14.
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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