NCR Receives Neutral Rating from Zacks (NCR)
NCR (NYSE:NCR)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Friday. They currently have a $34.00 price target on the stock. Zacks‘s target price would suggest a potential upside of 7.02% from the company’s current price.
NCR (NYSE:NCR) traded down 1.52% on Friday, hitting $31.77. The stock had a trading volume of 2,243,288 shares. NCR has a 1-year low of $28.64 and a 1-year high of $41.63. The stock has a 50-day moving average of $33.29 and a 200-day moving average of $33.72. The company has a market cap of $5.334 billion and a price-to-earnings ratio of 12.62.
NCR (NYSE:NCR) last announced its earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.54 earnings per share. NCR’s revenue was up 7.7% compared to the same quarter last year. Analysts expect that NCR will post $3.01 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on NCR. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of NCR in a research note on Thursday. They now have a $46.00 price target on the stock, up previously from $45.50. Separately, analysts at Goldman Sachs initiated coverage on shares of NCR in a research note on Tuesday, July 8th. They set a “sell” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of NCR in a research note on Wednesday, July 2nd. They now have a $44.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $41.14.
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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.