NCR Corporation (NCR) Given “Average” Rating at Royal Bank Of Canada
NCR Corporation (NYSE:NCR)‘s stock had its “average” rating restated by Royal Bank Of Canada in a report issued on Friday, The Fly reports. They presently have a $44.00 target price on the information technology services provider’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 18.76% from the stock’s current price. The analysts noted that the move was a valuation call.
Several other research analysts have also commented on the company. TheStreet upgraded NCR Corporation from a “c+” rating to a “b” rating in a report on Thursday, July 20th. Benchmark Co. reiterated a “buy” rating and set a $55.00 price target on shares of NCR Corporation in a report on Friday, July 21st. Compass Point assumed coverage on NCR Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $48.00 price target on the stock. Morgan Stanley reduced their price target on NCR Corporation from $43.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Zacks Investment Research upgraded NCR Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $45.43.
NCR Corporation (NCR) traded down 10.810% during midday trading on Friday, reaching $33.045. 6,809,933 shares of the company were exchanged. NCR Corporation has a 52 week low of $29.83 and a 52 week high of $49.90. The firm’s 50 day moving average price is $36.86 and its 200-day moving average price is $39.23. The stock has a market capitalization of $4.01 billion, a P/E ratio of 20.360 and a beta of 1.91.
NCR Corporation (NYSE:NCR) last announced its quarterly earnings data on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS. Equities analysts forecast that NCR Corporation will post $3.36 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG raised its holdings in shares of NCR Corporation by 85.6% during the 1st quarter. UBS Group AG now owns 77,048 shares of the information technology services provider’s stock worth $3,520,000 after acquiring an additional 35,527 shares during the period. FNY Managed Accounts LLC purchased a new position in shares of NCR Corporation during the 2nd quarter worth $571,000. Geode Capital Management LLC raised its holdings in shares of NCR Corporation by 15.9% during the 1st quarter. Geode Capital Management LLC now owns 971,310 shares of the information technology services provider’s stock worth $44,369,000 after acquiring an additional 133,110 shares during the period. James Investment Research Inc. raised its holdings in shares of NCR Corporation by 915.2% during the 2nd quarter. James Investment Research Inc. now owns 33,755 shares of the information technology services provider’s stock worth $1,378,000 after acquiring an additional 30,430 shares during the period. Finally, Nationwide Fund Advisors raised its holdings in shares of NCR Corporation by 9.9% during the 2nd quarter. Nationwide Fund Advisors now owns 776,619 shares of the information technology services provider’s stock worth $31,717,000 after acquiring an additional 69,694 shares during the period. Institutional investors and hedge funds 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.
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