NCR Atleos’ (NATL) Neutral Rating Reaffirmed at DA Davidson

NCR Atleos (NYSE:NATL)‘s stock had its “neutral” rating reaffirmed by equities research analysts at DA Davidson in a note issued to investors on Monday,Benzinga reports. They presently have a $50.00 price target on the stock. DA Davidson’s price target would indicate a potential upside of 13.77% from the company’s previous close.

NATL has been the subject of a number of other research reports. Wolfe Research cut shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Wedbush cut shares of NCR Atleos from an “outperform” rating to a “hold” rating and boosted their price target for the company from $45.00 to $50.40 in a research report on Friday, February 27th. Zacks Research upgraded shares of NCR Atleos from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Stifel Nicolaus set a $50.40 target price on shares of NCR Atleos in a report on Wednesday, March 4th. Finally, Weiss Ratings lowered shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.27.

NCR Atleos Stock Performance

NYSE:NATL traded down $0.32 during mid-day trading on Monday, hitting $43.95. The company’s stock had a trading volume of 190,330 shares, compared to its average volume of 900,771. The business’s fifty day moving average is $44.32 and its two-hundred day moving average is $40.33. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 18.94 and a beta of 0.61. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.98 and a quick ratio of 0.78. NCR Atleos has a 1 year low of $23.56 and a 1 year high of $48.50.

NCR Atleos (NYSE:NATL) last posted its earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter. During the same period in the prior year, the company posted $0.64 EPS. NCR Atleos’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts anticipate that NCR Atleos will post 4.52 EPS for the current fiscal year.

Institutional Investors Weigh In On NCR Atleos

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp grew its stake in shares of NCR Atleos by 0.9% during the fourth quarter. State Street Corp now owns 2,792,251 shares of the company’s stock worth $106,413,000 after purchasing an additional 25,510 shares in the last quarter. Engine Capital Management LP lifted its holdings in NCR Atleos by 7.2% during the 4th quarter. Engine Capital Management LP now owns 2,581,525 shares of the company’s stock worth $98,382,000 after buying an additional 172,846 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NCR Atleos by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,636,083 shares of the company’s stock worth $71,293,000 after acquiring an additional 58,745 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of NCR Atleos by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,398,747 shares of the company’s stock worth $53,306,000 after acquiring an additional 157,429 shares in the last quarter. Finally, Fourth Sail Capital LP purchased a new position in shares of NCR Atleos in the 4th quarter valued at about $33,597,000. 88.66% of the stock is currently owned by institutional investors and hedge funds.

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.