NCR Co. (NYSE:NCR) Receives $54.50 Average Target Price from Analysts

NCR Co. (NYSE:NCR) has been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have covered the stock in the last year is $54.50.

Several equities analysts have weighed in on the company. Royal Bank of Canada dropped their target price on NCR from $59.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, October 27th. DA Davidson reaffirmed a “buy” rating on shares of NCR in a research report on Thursday, October 28th. Finally, Stephens assumed coverage on NCR in a research report on Thursday, November 18th. They issued an “overweight” rating and a $55.00 target price for the company.

Shares of NYSE:NCR opened at $42.75 on Wednesday. The business has a 50-day moving average price of $41.20 and a 200 day moving average price of $41.99. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 4.66. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of -29.08 and a beta of 1.72. NCR has a 12-month low of $31.32 and a 12-month high of $50.00.

NCR (NYSE:NCR) last issued its quarterly earnings data on Tuesday, October 26th. The information technology services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $2 billion. NCR had a positive return on equity of 30.41% and a negative net margin of 2.43%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. As a group, equities research analysts predict that NCR will post 2.72 earnings per share for the current fiscal year.

In other news, EVP Adrian Button sold 23,724 shares of the business’s stock in a transaction dated Friday, October 29th. The stock was sold at an average price of $39.54, for a total transaction of $938,046.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel William Campbell sold 11,988 shares of the business’s stock in a transaction dated Monday, November 1st. The stock was sold at an average price of $41.58, for a total value of $498,461.04. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. grew its position in shares of NCR by 1.1% during the third quarter. Advisor Group Holdings Inc. now owns 27,064 shares of the information technology services provider’s stock worth $1,050,000 after buying an additional 304 shares in the last quarter. Profund Advisors LLC lifted its stake in NCR by 4.8% during the second quarter. Profund Advisors LLC now owns 7,317 shares of the information technology services provider’s stock worth $334,000 after purchasing an additional 336 shares during the last quarter. Global Retirement Partners LLC lifted its stake in NCR by 41.8% during the third quarter. Global Retirement Partners LLC now owns 1,323 shares of the information technology services provider’s stock worth $51,000 after purchasing an additional 390 shares during the last quarter. First Mercantile Trust Co. lifted its stake in NCR by 5.6% during the third quarter. First Mercantile Trust Co. now owns 7,517 shares of the information technology services provider’s stock worth $291,000 after purchasing an additional 397 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in NCR by 1.2% during the fourth quarter. Louisiana State Employees Retirement System now owns 33,900 shares of the information technology services provider’s stock worth $1,363,000 after purchasing an additional 400 shares during the last quarter. 91.17% of the stock is owned by institutional investors and hedge funds.

About NCR

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 solutions for the financial services industries. The Retail segment focuses on the customers for the retail industries.

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Analyst Recommendations for NCR (NYSE:NCR)

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