NCR (NCR) Raised to Buy at ValuEngine

NCR (NYSE:NCR) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other analysts have also recently issued reports on NCR. BidaskClub cut shares of NCR from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. J P Morgan Chase & Co set a $45.00 target price on shares of NCR and gave the stock a “buy” rating in a research note on Saturday, October 21st. Morgan Stanley lowered their target price on shares of NCR from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, October 20th. Royal Bank Of Canada reiterated an “average” rating and issued a $44.00 target price on shares of NCR in a research note on Friday, October 20th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of NCR from a “hold” rating to a “strong sell” rating in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. NCR currently has an average rating of “Hold” and an average price target of $47.57.

NCR (NYSE NCR) traded up $0.29 during midday trading on Friday, reaching $31.61. 1,190,000 shares of the company’s stock traded hands, compared to its average volume of 1,780,000. NCR has a fifty-two week low of $29.20 and a fifty-two week high of $49.90. The company has a quick ratio of 1.01, a current ratio of 1.42 and a debt-to-equity ratio of 3.86. The stock has a market cap of $3,850.00, a PE ratio of 9.31 and a beta of 1.83.

NCR (NYSE:NCR) last posted its earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.03. NCR had a net margin of 5.11% and a return on equity of 84.72%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the company posted $0.87 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. analysts forecast that NCR will post 3.14 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC raised its position in shares of NCR by 9.5% during the 3rd quarter. Sterling Capital Management LLC now owns 2,959,613 shares of the information technology services provider’s stock valued at $111,045,000 after buying an additional 256,201 shares in the last quarter. Eagle Boston Investment Management Inc. raised its position in shares of NCR by 15.2% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 22,697 shares of the information technology services provider’s stock valued at $858,000 after buying an additional 2,995 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of NCR by 10.6% during the 3rd quarter. Pacer Advisors Inc. now owns 22,694 shares of the information technology services provider’s stock valued at $851,000 after buying an additional 2,168 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of NCR by 58.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 963,595 shares of the information technology services provider’s stock valued at $36,155,000 after buying an additional 356,171 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of NCR by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,766,677 shares of the information technology services provider’s stock valued at $103,806,000 after buying an additional 36,796 shares in the last quarter. Hedge funds and other institutional investors own 89.75% of the company’s stock.

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About NCR

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NCR (NYSE:NCR)

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