Royal Bank Of Canada reiterated their buy rating on shares of NCR Corporation (NYSE:NCR) in a research report released on Friday, May 12th. The brokerage currently has a $51.00 price objective on the information technology services provider’s stock.
Several other equities research analysts have also commented on NCR. Citigroup Inc. upgraded shares of NCR Corporation to an outperform rating and set a $51.00 price target on the stock in a research note on Thursday, March 16th. Oppenheimer Holdings, Inc. raised shares of NCR Corporation from a market perform rating to an outperform rating and set a $51.00 target price for the company in a research note on Thursday, March 16th. CIBC raised shares of NCR Corporation from a market perform rating to an outperform rating in a research note on Thursday, March 16th. Zacks Investment Research upgraded shares of NCR Corporation from a hold rating to a buy rating and set a $50.00 price target on the stock in a report on Wednesday, April 12th. Finally, Benchmark Co. started coverage on shares of NCR Corporation in a report on Thursday, April 13th. They issued a buy rating and a $55.00 target price on the stock. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $46.29.
Shares of NCR Corporation (NYSE:NCR) traded up 1.32% during mid-day trading on Friday, hitting $39.77. The stock had a trading volume of 1,537,699 shares. The firm has a 50 day moving average price of $40.72 and a 200 day moving average price of $42.82. NCR Corporation has a 52-week low of $25.20 and a 52-week high of $49.90. The firm has a market cap of $4.82 billion, a PE ratio of 27.83 and a beta of 1.91.
NCR Corporation (NYSE:NCR) last announced its quarterly earnings results on Thursday, April 20th. The information technology services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.46 by $0.10. NCR Corporation had a net margin of 4.49% and a return on equity of 88.93%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business earned $0.38 earnings per share. NCR Corporation’s revenue was up 2.4% compared to the same quarter last year. Equities analysts predict that NCR Corporation will post $3.37 EPS for the current year.
In related news, EVP J. Robert Ciminera sold 3,086 shares of the stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $42.48, for a total transaction of $131,093.28. Following the completion of the transaction, the executive vice president now owns 9,888 shares in the company, valued at $420,042.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. FNY Partners Fund LP purchased a new stake in NCR Corporation during the first quarter valued at about $107,000. Bronfman E.L. Rothschild L.P. raised its position 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. bought a new position in shares of NCR Corporation during the first quarter valued at $114,000. DekaBank Deutsche Girozentrale bought a new position in shares of NCR Corporation during the third quarter valued at $102,000. Finally, James Investment Research Inc. bought a new position in shares of NCR Corporation during the first quarter valued at $152,000. 89.32% of the stock is currently owned by hedge funds and other institutional investors.
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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