NCR (NYSE:NCR) Lifted to “Hold” at Zacks Investment Research

NCR (NYSE:NCR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, December 20th.

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 equities analysts have also commented on NCR. ValuEngine raised shares of NCR from a “hold” rating to a “buy” rating in a report on Friday, December 1st. JPMorgan Chase & Co. set a $45.00 target price on shares of NCR and gave the company a “buy” rating in a report on Saturday, October 21st. Morgan Stanley reduced their target price on shares of NCR from $43.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, October 20th. Finally, Royal Bank of Canada reaffirmed an “average” rating and set a $44.00 target price on shares of NCR in a report on Friday, October 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $47.57.

NCR (NYSE:NCR) traded down $0.09 during trading on Wednesday, hitting $35.85. 1,300,000 shares of the stock traded hands, compared to its average volume of 1,300,000. 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 $4,370.00, a PE ratio of 24.55 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 Thomson Reuters’ consensus estimate of $0.90 by $0.03. The firm had revenue of $1.66 billion for 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 business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. equities research analysts forecast that NCR will post 3.14 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in NCR. Ameriprise Financial Inc. grew its holdings in NCR by 58.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 963,595 shares of the information technology services provider’s stock worth $36,155,000 after acquiring an additional 356,171 shares during the last quarter. Sterling Capital Management LLC grew its holdings in NCR by 9.5% in the 3rd quarter. Sterling Capital Management LLC now owns 2,959,613 shares of the information technology services provider’s stock worth $111,045,000 after acquiring an additional 256,201 shares during the last quarter. Janus Henderson Group PLC grew its holdings in NCR by 3,424.9% in the 2nd quarter. Janus Henderson Group PLC now owns 214,382 shares of the information technology services provider’s stock worth $8,755,000 after acquiring an additional 208,300 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in NCR in the 2nd quarter worth $7,810,000. Finally, ETF Managers Group LLC bought a new stake in NCR in the 2nd quarter worth $3,775,000. 90.38% of the stock is currently owned by institutional investors.

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About NCR

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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