Brokerages Set NCR Co. (NCR) Price Target at $35.80

Shares of NCR Co. (NYSE:NCR) have received an average recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $35.80.

NCR has been the subject of several recent analyst reports. DA Davidson raised shares of NCR from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $27.50 to $30.00 in a report on Tuesday, January 8th. Royal Bank of Canada raised shares of NCR from an “outperform” rating to a “top pick” rating and set a $40.00 price target for the company in a report on Tuesday, December 18th. Finally, Zacks Investment Research lowered shares of NCR from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd.

In other news, EVP J. Robert Ciminera sold 1,720 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $27.68, for a total transaction of $47,609.60. Following the completion of the sale, the executive vice president now owns 3,391 shares of the company’s stock, valued at $93,862.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Adrian Button sold 3,971 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $28.56, for a total transaction of $113,411.76. Following the sale, the senior vice president now directly owns 22,590 shares of the company’s stock, valued at approximately $645,170.40. The disclosure for this sale can be found here. Insiders have sold 66,265 shares of company stock valued at $1,888,380 in the last ninety days. Insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of NCR by 15.1% in the fourth quarter. Geode Capital Management LLC now owns 1,208,210 shares of the information technology services provider’s stock valued at $27,885,000 after purchasing an additional 158,849 shares during the period. Norges Bank purchased a new stake in shares of NCR in the fourth quarter valued at about $11,727,000. FMR LLC grew its holdings in shares of NCR by 45.5% in the fourth quarter. FMR LLC now owns 187,849 shares of the information technology services provider’s stock valued at $4,335,000 after purchasing an additional 58,775 shares during the period. Walthausen & Co. LLC grew its holdings in shares of NCR by 9.7% in the fourth quarter. Walthausen & Co. LLC now owns 228,303 shares of the information technology services provider’s stock valued at $5,269,000 after purchasing an additional 20,105 shares during the period. Finally, Amalgamated Bank grew its holdings in shares of NCR by 45.3% in the fourth quarter. Amalgamated Bank now owns 26,834 shares of the information technology services provider’s stock valued at $619,000 after purchasing an additional 8,369 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

NCR opened at $28.42 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.32 and a debt-to-equity ratio of 7.47. NCR has a 1 year low of $20.93 and a 1 year high of $33.81. The firm has a market capitalization of $3.41 billion, a P/E ratio of 10.85, a PEG ratio of 2.57 and a beta of 1.95.

NCR (NYSE:NCR) last issued its quarterly earnings results on Thursday, February 7th. The information technology services provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.82 by $0.02. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.78 billion. NCR had a negative net margin of 1.36% and a positive return on equity of 85.30%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, equities research analysts forecast that NCR will post 2.79 earnings per share for the current fiscal year.

NCR Company Profile

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, applications, and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.

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Analyst Recommendations for NCR (NYSE:NCR)

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