Brokerages Set NCR Atleos Corporation (NYSE:NATL) Price Target at $50.27

Shares of NCR Atleos Corporation (NYSE:NATL) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have covered the stock in the last year is $50.2667.

A number of research analysts have issued reports on the stock. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research note on Wednesday, March 4th. DA Davidson restated a “neutral” rating and set a $50.00 price target on shares of NCR Atleos in a research note on Monday, May 11th. Zacks Research lowered shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Wolfe Research lowered shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Finally, Weiss Ratings lowered shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th.

NCR Atleos Trading Up 0.2%

NYSE:NATL opened at $44.27 on Friday. NCR Atleos has a 52 week low of $23.56 and a 52 week high of $48.50. The firm has a 50 day moving average of $44.55 and a 200 day moving average of $41.78. The company has a quick ratio of 0.78, a current ratio of 0.98 and a debt-to-equity ratio of 6.83. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 19.08 and a beta of 0.57.

NCR Atleos (NYSE:NATL) last posted its earnings results on Wednesday, May 6th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.24). NCR Atleos had a net margin of 3.98% and a return on equity of 78.64%. The firm had revenue of $1.04 billion for the quarter. During the same period last year, the firm earned $0.64 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that NCR Atleos will post 4.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NATL. Bank of America Corp DE increased its stake in NCR Atleos by 198.2% during the 1st quarter. Bank of America Corp DE now owns 1,861,433 shares of the company’s stock valued at $81,121,000 after purchasing an additional 1,237,227 shares in the last quarter. Fourth Sail Capital LP acquired a new position in NCR Atleos during the 4th quarter valued at approximately $33,597,000. Simcoe Capital Management LLC acquired a new position in NCR Atleos during the 2nd quarter valued at approximately $20,282,000. Capital International Investors acquired a new stake in shares of NCR Atleos in the third quarter worth $16,466,000. Finally, Millennium Management LLC purchased a new position in shares of NCR Atleos during the third quarter worth $14,900,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

NCR Atleos Company Profile

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.