NCR Co. (NYSE:NCR) has received an average rating of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $47.57.

A number of brokerages have recently issued reports on NCR. Zacks Investment Research downgraded NCR from a “hold” rating to a “strong sell” rating in a research note on Monday, October 23rd. JPMorgan Chase & Co. set a $45.00 price objective on NCR and gave the company a “buy” rating in a research note on Saturday, October 21st. ValuEngine raised NCR from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Royal Bank of Canada reissued an “average” rating and issued a $44.00 price objective on shares of NCR in a research note on Friday, October 20th. They noted that the move was a valuation call. Finally, Morgan Stanley dropped their price objective on NCR from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, October 20th.

A number of institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC increased its position in NCR by 9.5% in 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. Bank of New York Mellon Corp increased its position in NCR by 1.3% in 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. Ameriprise Financial Inc. increased its position in NCR by 58.6% in 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. New York State Common Retirement Fund increased its position in NCR by 26.8% in the 3rd quarter. New York State Common Retirement Fund now owns 378,307 shares of the information technology services provider’s stock valued at $14,194,000 after buying an additional 80,025 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in NCR by 3,424.9% in the 2nd quarter. Janus Henderson Group PLC now owns 214,382 shares of the information technology services provider’s stock valued at $8,755,000 after buying an additional 208,300 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Shares of NCR (NCR) traded up $0.43 during trading hours on Tuesday, hitting $36.28. The stock had a trading volume of 274,543 shares, compared to its average volume of 1,456,400. The firm has a market cap of $4,440.00, a P/E ratio of 24.85 and a beta of 1.82. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.42 and a quick ratio of 1.01. NCR has a 12 month low of $29.20 and a 12 month high of $49.90.

NCR (NYSE:NCR) last announced its quarterly earnings data on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share (EPS) 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 the consensus estimate of $1.68 billion. NCR had a return on equity of 84.72% and a net margin of 5.11%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. research analysts predict that NCR will post 3.14 EPS for the current fiscal year.

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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.

Analyst Recommendations for NCR (NYSE:NCR)

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