Analysts’ Recent Ratings Changes for NCR Corporation (NCR)

A number of firms have modified their ratings and price targets on shares of NCR Corporation (NYSE: NCR) recently:

  • 10/23/2017 – NCR Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “NCR is one of the world’s leading consumer transaction technology providers. The Zacks Consensus Estimate for the company moved down after it reported dismal top-line performance for the third quarter and lowered its outlook for the full year. The company’s third-quarter revenues were mainly impacted by weakness in the ATM business as large customers across North America, India, the Middle East and Africa delayed their spending. Additionally, a slow conversion to Windows 10 was the other primary reason behind the year-over-year decline in ATM business revenues. Considering the aforementioned factors to continue impacting its near-term results, NCR lowered its full-year revenues and earnings outlook. This makes us increasingly cautious about the company’s near-term prospects. The stock has underperformed the industry to which it belongs to in the year-to-date period.”
  • 10/21/2017 – NCR Corporation was given a new $45.00 price target on by analysts at J P Morgan Chase & Co. They now have a “buy” rating on the stock.
  • 10/20/2017 – NCR Corporation had its price target lowered by analysts at Morgan Stanley from $43.00 to $39.00. They now have an “equal weight” rating on the stock.
  • 10/20/2017 – NCR Corporation had its “average” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $44.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.

Shares of NCR Corporation (NYSE:NCR) opened at 32.35 on Monday. NCR Corporation has a 52-week low of $31.40 and a 52-week high of $49.90. The company has a 50 day moving average of $36.26 and a 200 day moving average of $38.72. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 19.93 and a beta of 1.91.

NCR Corporation (NYSE:NCR) last announced its earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. NCR Corporation had a return on equity of 84.72% and a net margin of 5.11%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the business posted $0.87 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Analysts predict that NCR Corporation will post $3.16 EPS for the current fiscal year.

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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