NCR Corp. Price Target Lowered to $45.00 at Compass Point (NCR)
Compass Point reduced their target price on shares of NCR Corp. (NYSE:NCR) from $50.00 to $45.00 in a research note issued on Friday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Compass Point’s price target points to a potential upside of 28.64% from the company’s current price.
A number of other firms have also recently commented on NCR. Analysts at Oppenheimer cut their price target on shares of NCR Corp. from $47.00 to $40.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. NCR Corp. presently has an average rating of “Buy” and an average price target of $39.14.
NCR Corp. (NYSE:NCR) traded down 7.25% on Friday, hitting $32.445. The stock had a trading volume of 8,655,005 shares. NCR Corp. has a 1-year low of $25.64 and a 1-year high of $41.63. The stock’s 50-day moving average is $34.94 and its 200-day moving average is $36.37. The company has a market cap of $5.399 billion and a price-to-earnings ratio of 38.65.
NCR Corp. (NYSE:NCR) last announced its earnings results 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 last year, the company posted $0.72 earnings per share. NCR Corp.’s revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that NCR Corp. will post $3.10 earnings per share 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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