NCR (NYSE:NCR) Lowered to C at TheStreet

NCR (NYSE:NCR) was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating in a note issued to investors on Friday, TheStreetRatingsTable reports.

NCR has been the topic of a number of other research reports. Wells Fargo & Co assumed coverage on shares of NCR in a report on Wednesday, September 18th. They set an “outperform” rating and a $45.00 price target on the stock. Morgan Stanley increased their price target on shares of NCR from $31.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday. Benchmark set a $40.00 price target on shares of NCR and gave the company a “buy” rating in a report on Wednesday, July 31st. DA Davidson increased their price target on shares of NCR from $40.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, ValuEngine cut shares of NCR from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Shares of NYSE NCR traded up $0.53 on Friday, reaching $32.14. 208,273 shares of the company’s stock traded hands, compared to its average volume of 1,070,036. NCR has a 12 month low of $20.93 and a 12 month high of $35.08. The business’s 50 day simple moving average is $30.09 and its two-hundred day simple moving average is $30.87. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 12.27 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 1.35 and a debt-to-equity ratio of 5.20.

NCR (NYSE:NCR) last announced its earnings results on Thursday, November 7th. The information technology services provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.06. NCR had a net margin of 1.30% and a return on equity of 79.96%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Analysts forecast that NCR will post 2.82 earnings per share for the current fiscal year.

In other news, major shareholder Ncr Holdco L.P. Blackstone sold 9,129,966 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $32.75, for a total transaction of $299,006,386.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Paul Langenbahn sold 28,833 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.42, for a total transaction of $934,765.86. Following the sale, the vice president now owns 86,925 shares in the company, valued at approximately $2,818,108.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,175,687 shares of company stock worth $300,453,197. Corporate insiders own 1.00% of the company’s stock.

Several large investors have recently bought and sold shares of NCR. Carroll Financial Associates Inc. boosted its holdings in NCR by 998.9% in the second quarter. Carroll Financial Associates Inc. now owns 956 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 869 shares during the last quarter. Garnet Equity Capital Holdings Inc. purchased a new stake in NCR in the second quarter worth approximately $2,644,000. Oregon Public Employees Retirement Fund boosted its holdings in NCR by 3.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 48,140 shares of the information technology services provider’s stock worth $1,497,000 after purchasing an additional 1,450 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in NCR in the second quarter worth approximately $533,000. Finally, World Asset Management Inc boosted its holdings in NCR by 3.8% in the second quarter. World Asset Management Inc now owns 9,214 shares of the information technology services provider’s stock worth $287,000 after purchasing an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 87.10% of the company’s stock.

About NCR

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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