Investment analysts at DA Davidson started coverage on shares of NCR (NYSE:NCR) in a note issued to investors on Wednesday. The brokerage set a “neutral” rating and a $39.00 price target on the information technology services provider’s stock. DA Davidson’s target price suggests a potential upside of 16.38% from the stock’s current price.
Other analysts have also recently issued reports about the stock. Royal Bank of Canada restated an “average” rating and set a $44.00 target price on shares of NCR in a research report on Friday, October 20th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $45.00 target price on shares of NCR and gave the company a “buy” rating in a research report on Saturday, October 21st. ValuEngine upgraded shares of NCR from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Morgan Stanley decreased their target price on shares of NCR from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of NCR from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.13.
Shares of NCR (NYSE:NCR) opened at $33.51 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.01 and a debt-to-equity ratio of 3.86. The stock has a market cap of $4,191.14, a PE ratio of 10.24 and a beta of 1.83. NCR has a 1 year low of $29.20 and a 1 year high of $49.90.
In related news, EVP J. Robert Ciminera sold 1,937 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $37.36, for a total value of $72,366.32. Following the sale, the executive vice president now directly owns 6,802 shares of the company’s stock, valued at approximately $254,122.72. The transaction 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.
A number of institutional investors have recently bought and sold shares of NCR. Zurcher Kantonalbank Zurich Cantonalbank raised its position in NCR by 43.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,567 shares of the information technology services provider’s stock worth $223,000 after purchasing an additional 1,979 shares during the period. Oakbrook Investments LLC purchased a new stake in NCR in the 4th quarter worth about $226,000. HighTower Advisors LLC raised its position in NCR by 8.9% in the 2nd quarter. HighTower Advisors LLC now owns 6,448 shares of the information technology services provider’s stock worth $261,000 after purchasing an additional 525 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in NCR in the 4th quarter worth about $289,000. Finally, State of Alaska Department of Revenue purchased a new stake in NCR in the 4th quarter worth about $299,000. 89.41% of the stock is currently owned by institutional investors.
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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