NCR Corporation (NYSE:NCR)‘s stock had its “buy” rating reissued by research analysts at Benchmark Co. in a note issued to investors on Friday, July 21st. They presently have a $55.00 target price on the information technology services provider’s stock. Benchmark Co.’s price objective would suggest a potential upside of 57.19% from the stock’s current price.
NCR has been the subject of a number of other reports. Zacks Investment Research upgraded shares of NCR Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, June 6th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $51.00 price target on shares of NCR Corporation in a research report on Friday, May 12th. TheStreet cut shares of NCR Corporation from a “b” rating to a “c+” rating in a research report on Thursday, April 20th. Finally, Compass Point initiated coverage on shares of NCR Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $48.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.29.
Shares of NCR Corporation (NYSE:NCR) traded down 1.13% during mid-day trading on Friday, reaching $34.99. 1,559,723 shares of the company’s stock traded hands. NCR Corporation has a 12-month low of $29.83 and a 12-month high of $49.90. The stock has a market capitalization of $4.25 billion, a PE ratio of 21.56 and a beta of 1.88. The company’s 50-day moving average price is $38.68 and its 200-day moving average price is $42.01.
NCR Corporation (NYSE:NCR) last released its earnings results on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share (EPS) 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 firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. NCR Corporation’s revenue was down 1.7% compared to the same quarter last year. Analysts anticipate that NCR Corporation will post $3.37 earnings per share for the current year.
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A number of hedge funds have recently bought and sold shares of NCR. FNY Partners Fund LP acquired a new position in shares of NCR Corporation during the first quarter worth $107,000. Bronfman E.L. Rothschild L.P. increased its position in 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 worth $108,000 after buying an additional 124 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in NCR Corporation during the first quarter worth approximately $114,000. James Investment Research Inc. purchased a new position in NCR Corporation during the first quarter worth approximately $152,000. Finally, Highbridge Capital Management LLC purchased a new position in NCR Corporation during the first quarter worth approximately $216,000. 89.06% of the stock is owned by institutional investors.
About NCR Corporation
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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