NCR (NYSE:NCR) had its “outperform” rating reaffirmed by Royal Bank of Canada, with an average target price of $31.00, according to data from MarketBeat. NCR’s stock has also been the subject of reports by several other equities research analysts. The company has a market capitalization of $2.96 billion, a PE ratio of 73.24, and a beta of 1.67. The firm has a current ratio of 1.14, a quick ratio of 0.85, and a debt-to-equity ratio of 3.76. NCR operates in the development, manufacture, and sale of consumer transaction solutions, offering software, services, and hardware solutions for the financial services industry, and operates through the following segments: Banking, Retail, Hospitality, and Telecommunications and Technology. Institutional investors own 92.99% of the company’s stock, with several hedge funds adjusting their positions in NCR in the fourth quarter.
NCR Rating Reiterated by Royal Bank of Canada
NCR (NYSE:NCR) has received an “outperform” rating reaffirmed by Royal Bank of Canada in a note to investors on Friday, according to Benzinga. The company’s stock has also been the subject of reports by several other equities research analysts. StockNews.com issued a “hold” rating for the company, while Stephens upped their price objective on shares of NCR from $28.00 to $32.00 and gave the stock an “overweight” rating. Morgan Stanley also upped their price objective on shares of NCR from $24.00 to $25.00 and gave the stock an “equal weight” rating. The company currently has an average rating of “Moderate Buy” with an average target price of $31.00, according to data from MarketBeat.
On Friday, NYSE NCR opened at $21.24. NCR has a 1-year low of $18.06 and a 1-year high of $43.80. The firm has a current ratio of 1.14, a quick ratio of 0.85, and a debt-to-equity ratio of 3.76. With a market capitalization of $2.96 billion, the company has a PE ratio of 73.24 and a beta of 1.67. The firm’s fifty-day simple moving average is $25.72, while its 200-day simple moving average is $23.91.
For the quarter ending February 7th, NCR (NYSE:NCR – Get Rating) posted earnings of $0.79 per share, which missed analysts’ consensus estimates of $0.80 by ($0.01). The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. NCR’s revenue was down 1.2% compared to the same quarter last year, while its net margin was 0.76%. The company’s return on equity was 26.18%. Sell-side analysts predict that NCR will post $2.84 earnings per share for the current fiscal year.
Institutional Investors’ Views on NCR
Several institutional investors have recently increased or reduced their stakes in NCR. JPMorgan Chase & Co. increased its holdings in NCR by 50.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,700,611 shares of the information technology services provider’s stock worth $69,270,000 after purchasing an additional 908,400 shares during the last quarter. BlackRock Inc. increased its stake in shares of NCR by 1.7% in the fourth quarter. BlackRock Inc. now owns 12,387,051 shares of the company’s stock valued at $317,101,000 after acquiring an additional 210,375 shares during the period. Geode Capital Management LLC increased its stake in shares of NCR by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 1,852,541 shares
Hedge Funds Adjust Positions in NCR
Several hedge funds have made changes to their positions in NCR, according to recent reports. Natixis acquired a new position in NCR worth about $2,472,000 in the fourth quarter. Teachers Retirement System of The State of Kentucky also raised its position in NCR by 15.8% in the same period and now owns 21,930 shares of the information technology services provider’s stock worth $514,000. Northwestern Mutual Wealth Management Co. and Alliancebernstein L.P. also raised their positions in NCR by 1,940.3% and 0.4%, respectively, in the fourth quarter. Finally, Public Employees Retirement System of Ohio raised its position in NCR by 2.1% in the same period. Institutional investors own 92.99% of the company’s stock.
NCR Company Profile
NCR Corp. engages in the development, manufacture, and sale of consumer transaction solutions. It operates through the following segments: Banking, Retail, Hospitality, and Telecommunications and Technology. The Banking segment offers software, services, and hardware solutions for the financial services industry.
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