Zacks Investment Research Upgrades NCR (NCR) to Hold

Zacks Investment Research upgraded shares of NCR (NYSE:NCR) from a sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “NCR is one of the world’s leading consumer transaction technology providers. Estimates have remained stable off late. Going ahead, NCR’s growing exposure in the self-service kiosk space is encouraging, given the tremendous growth prospects. Furthermore, continuous product launches, growing popularity of its self-service offerings and synergies from acquisitions are the catalysts. Nonetheless, we remain slightly cautious about the 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 is the other primary reason behind softness in ATM business. Also, competition from Diebold Inc. and HP Inc., and a high debt burden remain concerns. The aforementioned factors may impact the company’s near-term results. The stock has underperformed the industry over the last one year.”

Several other research firms have also recently weighed in on NCR. Royal Bank of Canada restated an average rating and issued a $44.00 price objective on shares of NCR in a research report on Friday, October 20th. They noted that the move was a valuation call. Morgan Stanley lowered their price objective on shares of NCR from $43.00 to $39.00 and set an equal weight rating for the company in a research report on Friday, October 20th. J P Morgan Chase & Co set a $45.00 price objective on shares of NCR and gave the company a buy rating in a research report on Saturday, October 21st. Finally, ValuEngine upgraded shares of NCR from a hold rating to a buy rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $47.57.

NCR (NYSE:NCR) remained flat at $$33.59 on Wednesday. 665,702 shares of the stock were exchanged, compared to its average volume of 1,250,000. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.01 and a current ratio of 1.42. The stock has a market cap of $4,090.00, a price-to-earnings ratio of 23.01 and a beta of 1.82. NCR has a 12 month low of $29.20 and a 12 month high of $49.90.

NCR (NYSE:NCR) last posted its quarterly earnings data on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.03. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. NCR had a net margin of 5.11% and a return on equity of 84.72%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. equities research analysts expect that NCR will post 3.14 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of NCR. Petrus Trust Company LTA bought a new position in shares of NCR in the 2nd quarter valued at about $233,000. HighTower Advisors LLC boosted its stake in shares of NCR by 8.9% in the 2nd quarter. HighTower Advisors LLC now owns 6,448 shares of the information technology services provider’s stock valued at $261,000 after purchasing an additional 525 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in shares of NCR by 3.0% in the 2nd quarter. First Allied Advisory Services Inc. now owns 8,775 shares of the information technology services provider’s stock valued at $355,000 after purchasing an additional 257 shares during the last quarter. Shelton Capital Management bought a new position in shares of NCR in the 2nd quarter valued at about $384,000. Finally, Lingohr & Partner Asset Management GmbH bought a new position in shares of NCR in the 3rd quarter valued at about $530,000. 90.38% of the stock is currently owned by institutional investors.

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NCR 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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