NCR Co. (NYSE:NCR) Given Consensus Rating of “Hold” by Brokerages

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NCR Co. (NYSE:NCR) has earned an average rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $38.63.

A number of research analysts recently commented on NCR shares. Standpoint Research started coverage on NCR in a report on Monday, December 23rd. They issued an “accumulate” rating on the stock. ValuEngine cut NCR from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. DA Davidson boosted their price target on NCR from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Morgan Stanley reissued a “hold” rating and issued a $31.00 price target on shares of NCR in a report on Sunday, September 22nd. Finally, Royal Bank of Canada boosted their price target on NCR to $48.00 and gave the stock a “top pick” rating in a report on Thursday, December 19th.

Shares of NCR stock traded up $0.69 during trading hours on Friday, reaching $35.70. 329,278 shares of the company traded hands, compared to its average volume of 631,227. NCR has a 12-month low of $25.30 and a 12-month high of $35.53. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.35 and a quick ratio of 0.98. The company has a market cap of $4.52 billion, a P/E ratio of 13.62 and a beta of 1.65. The firm has a 50-day moving average price of $34.11 and a 200 day moving average price of $31.91.

NCR (NYSE:NCR) last posted its quarterly earnings results on Thursday, November 7th. The information technology services provider reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.06. NCR had a return on equity of 79.96% and a net margin of 1.30%. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the firm earned $0.58 EPS. The firm’s revenue was up 15.0% compared to the same quarter last year. Sell-side analysts predict that NCR will post 2.8 EPS for the current year.

In related news, SVP Adrian Button sold 8,238 shares of NCR stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $33.29, for a total transaction of $274,243.02. Following the transaction, the senior vice president now owns 11,654 shares in the company, valued at $387,961.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP James Bedore sold 2,707 shares of NCR stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $32.45, for a total value of $87,842.15. Following the transaction, the executive vice president now owns 48,700 shares in the company, valued at approximately $1,580,315. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. CENTRAL TRUST Co increased its stake in NCR by 1,210.9% during the third quarter. CENTRAL TRUST Co now owns 839 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 775 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in NCR during the third quarter worth $40,000. Cerebellum GP LLC acquired a new stake in NCR during the third quarter worth $53,000. Carroll Financial Associates Inc. increased its stake in NCR by 128.7% during the fourth quarter. Carroll Financial Associates Inc. now owns 2,186 shares of the information technology services provider’s stock worth $76,000 after acquiring an additional 1,230 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in NCR during the third quarter worth $146,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

NCR Company Profile

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.

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Analyst Recommendations for NCR (NYSE:NCR)

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