Shares of NCR Corp. (NYSE:NCR) have received a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the stock. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $31.17.
NCR has been the subject of several research reports. Zacks Investment Research downgraded NCR Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $35.00 price objective on shares of NCR Corp. in a research note on Wednesday, July 20th. Wedbush upped their price objective on NCR Corp. from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Finally, TheStreet raised NCR Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th.
Shares of NCR Corp. (NYSE:NCR) opened at 31.95 on Wednesday. The stock has a 50 day moving average price of $32.66 and a 200-day moving average price of $30.75. NCR Corp. has a 52 week low of $18.02 and a 52 week high of $34.99. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 22.76 and a beta of 1.81.
NCR Corp. (NYSE:NCR) last posted its earnings results on Tuesday, July 26th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08. NCR Corp. had a return on equity of 52.33% and a net margin of 3.68%. The business earned $1.62 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the business earned $0.66 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts anticipate that NCR Corp. will post $2.95 EPS for the current year.
In related news, SVP Andrew S. Heyman sold 16,119 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $31.17, for a total value of $502,429.23. Following the sale, the senior vice president now owns 24,396 shares in the company, valued at approximately $760,423.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrea Ledford sold 6,455 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $34.02, for a total value of $219,599.10. Following the completion of the sale, the executive vice president now owns 93,454 shares in the company, valued at approximately $3,179,305.08. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Washington Trust Bank boosted its stake in NCR Corp. by 420.8% in the third quarter. Washington Trust Bank now owns 3,151 shares of the company’s stock worth $101,000 after buying an additional 2,546 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in NCR Corp. during the second quarter worth $143,000. Fifth Third Bancorp boosted its stake in NCR Corp. by 21.5% in the second quarter. Fifth Third Bancorp now owns 5,409 shares of the company’s stock worth $150,000 after buying an additional 956 shares in the last quarter. KBC Group NV purchased a new stake in NCR Corp. during the second quarter worth $178,000. Finally, LS Investment Advisors LLC boosted its stake in NCR Corp. by 71.0% in the second quarter. LS Investment Advisors LLC now owns 7,496 shares of the company’s stock worth $208,000 after buying an additional 3,112 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.
About NCR Corp.
NCR Corporation is a technology company that provides products and services that enable businesses to connect, interact and transact with their customers. The Company operates through four segments: Financial Services, Retail Solutions, Hospitality and Emerging Industries. Its portfolio of self-service and assisted-service solutions serve customers in the financial services, retail, hospitality, travel and telecommunications and technology industries.
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