NCR Given Consensus Rating of “Buy” by Brokerages (NYSE:NCR)
NCR (NYSE:NCR) has earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Analyst Ratings Net reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $40.79.
A number of research firms have recently commented on NCR. Analysts at RBC Capital cut their price target on shares of NCR from $46.00 to $44.00 in a research note on Thursday, May 15th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of NCR in a research note on Thursday, May 1st. They now have a $32.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of NCR from $48.00 to $45.50 in a research note on Wednesday, April 30th. They now have an “overweight” rating on the stock.
NCR (NYSE:NCR) traded down 0.03% on Wednesday, hitting $32.96. 41,487 shares of the company’s stock traded hands. NCR has a one year low of $28.64 and a one year high of $41.63. The stock’s 50-day moving average is $32.05 and its 200-day moving average is $33.73. The company has a market cap of $5.534 billion and a P/E ratio of 12.89. NCR also saw some unusual options trading activity on Tuesday. Traders bought 7,882 call options on the company. This is an increase of approximately 263% compared to the typical daily volume of 2,173 call options.
NCR (NYSE:NCR) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that NCR will post $3.00 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.