NCR Atleos Corporation (NYSE:NATL) Stock Has Average Price Target of $50.27

NCR Atleos Corporation (NYSE:NATL) has received an average rating of “Hold” from the five ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $50.27.

NATL has been the subject of a number of research reports. Weiss Ratings raised shares of NCR Atleos from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen raised shares of NCR Atleos to a “buy” rating in a research report on Saturday, October 31st.

Hedge Funds Weigh In On NCR Atleos

A number of hedge funds and other institutional investors have recently modified their holdings of NATL. Bank of America Corp DE increased its holdings in NCR Atleos by 198.2% during the first quarter. Bank of America Corp DE now owns 1,861,433 shares of the company’s stock valued at $81,121,000 after buying an additional 1,237,227 shares during the period. Bank of New York Mellon Corp purchased a new stake in NCR Atleos during the second quarter worth $20,240,000. Maven Securities LTD purchased a new stake in NCR Atleos during the second quarter worth $7,002,000. Arrowstreet Capital Limited Partnership boosted its position in NCR Atleos by 201.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 211,815 shares of the company’s stock valued at $9,231,000 after acquiring an additional 141,658 shares in the last quarter. Finally, Caxton Associates LLP bought a new stake in NCR Atleos during the 1st quarter valued at $6,026,000. 88.66% of the stock is currently owned by institutional investors.

NCR Atleos Price Performance

Shares of NATL stock opened at $48.27 on Wednesday. NCR Atleos has a twelve month low of $33.31 and a twelve month high of $48.60. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 4.36. The stock has a fifty day simple moving average of $46.16 and a two-hundred day simple moving average of $44.70. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 10.39 and a beta of 0.57.

NCR Atleos (NYSE:NATL) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.35 EPS for the quarter. The firm had revenue of $1.10 billion for the quarter. NCR Atleos had a return on equity of 76.97% and a net margin of 6.07%.

About NCR Atleos

NCR Atleos Corporation provides automated teller machine (ATM) solutions and services to financial institutions, retailers and other businesses. Its offerings include ATM hardware and software, ATM deployment and management, transaction processing, and services that support cash replenishment and equipment maintenance. The company also provides managed ATM services, including solutions that allow customers to outsource parts or all of their ATM operations. Its services are designed to help clients maintain and operate ATM networks and provide consumers with access to cash and other self-service banking functions.