NCR (NYSE:NCR) Stock Rating Reaffirmed by Royal Bank of Canada

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NCR (NYSE:NCR)‘s stock had its “buy” rating restated by investment analysts at Royal Bank of Canada in a research note issued to investors on Thursday, reports. They presently have a $32.00 price target on the information technology services provider’s stock. Royal Bank of Canada’s price target suggests a potential upside of 73.63% from the company’s current price.

A number of other research firms have also weighed in on NCR. DA Davidson reduced their price objective on NCR from $41.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, April 3rd. Benchmark reduced their price target on NCR from $36.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday. ValuEngine upgraded shares of NCR from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Morgan Stanley increased their price objective on shares of NCR from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $25.00 target price (up from $20.00) on shares of NCR in a report on Friday, May 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. NCR presently has a consensus rating of “Buy” and an average price target of $26.38.

Shares of NCR stock opened at $18.43 on Thursday. NCR has a 1 year low of $10.55 and a 1 year high of $35.87. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 5.96 and a beta of 1.69. The company has a 50-day moving average of $17.59 and a 200 day moving average of $22.06. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.80 and a quick ratio of 1.26.

NCR (NYSE:NCR) last announced its quarterly earnings data on Tuesday, July 28th. The information technology services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.06. NCR had a net margin of 6.72% and a return on equity of 31.37%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The business’s revenue was down 13.2% compared to the same quarter last year. On average, equities analysts anticipate that NCR will post 1.53 EPS for the current year.

In other news, CAO Beth Potter sold 19,534 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $19.95, for a total transaction of $389,703.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCR. Norges Bank acquired a new position in NCR in the fourth quarter valued at $52,738,000. Eminence Capital LP purchased a new stake in NCR in the first quarter valued at approximately $16,306,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of NCR by 49.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,489,191 shares of the information technology services provider’s stock valued at $44,059,000 after acquiring an additional 822,522 shares during the period. Macquarie Group Ltd. increased its holdings in shares of NCR by 27.1% in the 4th quarter. Macquarie Group Ltd. now owns 2,334,952 shares of the information technology services provider’s stock valued at $82,097,000 after acquiring an additional 497,918 shares during the period. Finally, Crescent Grove Advisors LLC boosted its stake in shares of NCR by 188.7% during the first quarter. Crescent Grove Advisors LLC now owns 554,486 shares of the information technology services provider’s stock worth $9,814,000 after buying an additional 362,420 shares during the period. 89.99% of the stock is owned by hedge funds and other institutional investors.

About NCR

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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