BidaskClub cut shares of NCR Corporation (NYSE:NCR) from a sell rating to a strong sell rating in a report issued on Saturday, August 5th.
A number of other brokerages also recently issued reports on NCR. Zacks Investment Research downgraded shares of NCR Corporation from a buy rating to a hold rating in a research report on Monday, June 5th. Royal Bank Of Canada reiterated a buy rating on shares of NCR Corporation in a research note on Sunday, July 16th. Compass Point initiated coverage on shares of NCR Corporation in a research note on Tuesday, July 18th. They issued a buy rating and a $48.00 target price for the company. TheStreet cut shares of NCR Corporation from a b rating to a c+ rating in a research note on Thursday, April 20th. Finally, Benchmark Co. reiterated a buy rating and issued a $55.00 target price on shares of NCR Corporation in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $47.29.
Shares of NCR Corporation (NYSE NCR) traded down 1.13% during trading on Friday, hitting $34.99. 1,559,723 shares of the company traded hands. The company has a 50 day moving average price of $38.68 and a 200 day moving average price of $42.01. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 21.56 and a beta of 1.88. NCR Corporation has a 52 week low of $29.83 and a 52 week high of $49.90.
NCR Corporation (NYSE:NCR) last announced its quarterly earnings data on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. NCR Corporation had a net margin of 4.90% and a return on equity of 87.62%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the business posted $0.72 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, analysts expect that NCR Corporation will post $3.37 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. FNY Partners Fund LP acquired a new stake in shares of NCR Corporation during the first quarter valued at approximately $107,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of NCR Corporation by 5.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,364 shares of the information technology services provider’s stock valued at $108,000 after buying an additional 124 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of NCR Corporation during the first quarter valued at approximately $114,000. James Investment Research Inc. acquired a new stake in shares of NCR Corporation during the first quarter valued at approximately $152,000. Finally, Highbridge Capital Management LLC acquired a new stake in shares of NCR Corporation during the first quarter valued at approximately $216,000. Institutional investors and hedge funds own 89.06% 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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