BidaskClub Downgrades NCR Corporation (NYSE:NCR) to Strong Sell

BidaskClub lowered shares of NCR Corporation (NYSE:NCR) from a sell rating to a strong sell rating in a research note issued to investors on Saturday, August 5th.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of NCR Corporation from a hold rating to a buy rating and set a $45.00 target price on the stock in a research report on Tuesday, June 6th. TheStreet lowered shares of NCR Corporation from a b rating to a c+ rating in a research report on Thursday, April 20th. Royal Bank Of Canada restated a buy rating and set a $51.00 target price on shares of NCR Corporation in a research report on Friday, May 12th. Benchmark Co. reaffirmed a buy rating and set a $55.00 price target on shares of NCR Corporation in a report on Friday, July 21st. Finally, Compass Point initiated coverage on NCR Corporation in a report on Tuesday, July 18th. They set a buy rating and a $48.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $47.29.

NCR Corporation (NYSE:NCR) traded down 1.13% during mid-day trading on Friday, reaching $34.99. 1,559,723 shares of the company were exchanged. NCR Corporation has a 1-year low of $29.83 and a 1-year high of $49.90. The stock has a 50-day moving average of $38.68 and a 200 day moving average of $42.01. The firm has a market capitalization of $4.25 billion, a P/E ratio of 21.56 and a beta of 1.88.

NCR Corporation (NYSE:NCR) last announced its earnings results on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. NCR Corporation had a net margin of 4.90% and a return on equity of 87.62%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. Equities research analysts forecast that NCR Corporation will post $3.37 earnings per share for the current year.

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Several large investors have recently modified their holdings of NCR. Dana Investment Advisors Inc. purchased a new stake in shares of NCR Corporation during the second quarter worth $2,361,000. ETF Managers Group LLC purchased a new stake in shares of NCR Corporation during the second quarter worth $3,775,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of NCR Corporation during the second quarter worth $724,000. Janus Henderson Group PLC increased its stake in shares of NCR Corporation by 3,424.9% in the second quarter. Janus Henderson Group PLC now owns 214,382 shares of the information technology services provider’s stock worth $8,755,000 after buying an additional 208,300 shares during the period. Finally, Shelton Capital Management purchased a new stake in shares of NCR Corporation during the second quarter worth $384,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

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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