NCR Corporation (NYSE:NCR) had its target price cut by stock analysts at Morgan Stanley from $43.00 to $39.00 in a research note issued on Friday. The firm presently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 5.26% from the company’s previous close.

A number of other analysts also recently issued reports on NCR. BidaskClub downgraded NCR Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. TheStreet upgraded NCR Corporation from a “c+” rating to a “b” rating in a research report on Thursday, July 20th. Royal Bank Of Canada reiterated a “buy” rating on shares of NCR Corporation in a research report on Sunday, July 16th. Benchmark Co. restated a “buy” rating and issued a $55.00 target price on shares of NCR Corporation in a research report on Friday, July 21st. Finally, Compass Point assumed coverage on NCR Corporation in a research report on Tuesday, July 18th. They issued a “buy” rating and a $48.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $46.43.

NCR Corporation (NYSE NCR) opened at 37.05 on Friday. NCR Corporation has a 52 week low of $29.83 and a 52 week high of $49.90. The firm has a market cap of $4.50 billion, a P/E ratio of 22.83 and a beta of 1.91. The firm’s 50-day moving average price is $36.86 and its 200 day moving average price is $39.23.

NCR Corporation (NYSE:NCR) last issued its quarterly earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.03. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. Equities analysts forecast that NCR Corporation will post $3.36 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/20/morgan-stanley-cuts-ncr-corporation-ncr-price-target-to-39-00.html.

A number of large investors have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. lifted its position in NCR Corporation by 0.9% in the 1st quarter. North Star Investment Management Corp. now owns 6,181 shares of the information technology services provider’s stock worth $282,000 after buying an additional 55 shares during the last quarter. Eqis Capital Management Inc. lifted its position in NCR Corporation by 0.5% in the 3rd quarter. Eqis Capital Management Inc. now owns 14,403 shares of the information technology services provider’s stock worth $464,000 after buying an additional 67 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in NCR Corporation by 0.4% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 21,473 shares of the information technology services provider’s stock worth $981,000 after buying an additional 86 shares during the last quarter. Creative Planning lifted its position in NCR Corporation by 1.4% in the 3rd quarter. Creative Planning now owns 6,751 shares of the information technology services provider’s stock worth $217,000 after buying an additional 94 shares during the last quarter. Finally, Oakbrook Investments LLC lifted its position in NCR Corporation by 0.8% in the 3rd quarter. Oakbrook Investments LLC now owns 12,800 shares of the information technology services provider’s stock worth $412,000 after buying an additional 100 shares during the last quarter. Institutional investors own 88.13% of the company’s stock.

NCR Corporation Company Profile

NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.

Analyst Recommendations for NCR Corporation (NYSE:NCR)

Receive News & Ratings for NCR Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR Corporation and related companies with MarketBeat.com's FREE daily email newsletter.