NCR (NYSE:NCR) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $2.75-2.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.82.
NCR stock traded up $0.18 during midday trading on Thursday, hitting $30.02. 1,513,891 shares of the stock were exchanged, compared to its average volume of 950,269. NCR has a 1 year low of $20.93 and a 1 year high of $35.08. The firm has a market cap of $3.83 billion, a P/E ratio of 11.46 and a beta of 1.62. The company has a debt-to-equity ratio of 6.05, a current ratio of 1.32 and a quick ratio of 0.94. The company has a 50 day moving average price of $30.16 and a two-hundred day moving average price of $30.84.
Several equities research analysts recently issued reports on NCR shares. DA Davidson lifted their price target on shares of NCR from $40.00 to $41.00 and gave the stock a buy rating in a research note on Tuesday, September 24th. ValuEngine downgraded shares of NCR from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Morgan Stanley reissued a hold rating and issued a $31.00 target price on shares of NCR in a research report on Sunday, September 22nd. Benchmark set a $40.00 target price on shares of NCR and gave the stock a buy rating in a research report on Wednesday, July 31st. Finally, TheStreet raised shares of NCR from a c rating to a b rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. NCR has a consensus rating of Hold and an average price target of $37.57.
In other news, major shareholder Ncr Holdco L.P. Blackstone sold 9,129,966 shares of NCR stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $32.75, for a total value of $299,006,386.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP J. Robert Ciminera sold 16,888 shares of NCR stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $30.32, for a total transaction of $512,044.16. Following the completion of the transaction, the executive vice president now directly owns 33,278 shares of the company’s stock, valued at $1,008,988.96. The disclosure for this sale can be found here. Insiders sold a total of 9,175,687 shares of company stock valued at $300,453,197 in the last three months. Insiders own 1.00% of the company’s stock.
NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, applications, and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
Featured Article: How do analysts define an oversold condition?
Receive News & Ratings for NCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR and related companies with MarketBeat.com's FREE daily email newsletter.