NCR Corporation (NCR) PT Set at $45.00 by J P Morgan Chase & Co

J P Morgan Chase & Co set a $45.00 target price on NCR Corporation (NYSE:NCR) in a research note issued to investors on Saturday morning. The brokerage currently has a buy rating on the information technology services provider’s stock.

A number of other analysts also recently issued reports on the company. Royal Bank Of Canada reiterated an average rating and set a $44.00 price target on shares of NCR Corporation in a research report on Friday, October 20th. They noted that the move was a valuation call. Morgan Stanley dropped their price target on NCR Corporation from $43.00 to $39.00 and set an equal weight rating for the company in a research report on Friday, October 20th. BidaskClub downgraded NCR Corporation from a sell rating to a strong sell rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded NCR Corporation from a sell rating to a hold rating in a research report on Tuesday, July 25th. Finally, TheStreet upgraded NCR Corporation from a c+ rating to a b rating in a research report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. NCR Corporation currently has an average rating of Hold and a consensus target price of $45.38.

NCR Corporation (NYSE NCR) opened at 32.39 on Friday. The firm’s 50-day moving average price is $36.55 and its 200 day moving average price is $38.91. The firm has a market cap of $3.94 billion, a P/E ratio of 19.96 and a beta of 1.91. NCR Corporation has a 52 week low of $31.40 and a 52 week high of $49.90.

NCR Corporation (NYSE:NCR) last issued its quarterly earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.03. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. NCR Corporation had a return on equity of 84.72% and a net margin of 5.11%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. Equities analysts forecast that NCR Corporation will post $3.16 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in shares of NCR Corporation by 1.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,223 shares of the information technology services provider’s stock valued at $330,000 after buying an additional 130 shares in the last quarter. First Allied Advisory Services Inc. raised its holdings in shares of NCR Corporation by 3.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 8,775 shares of the information technology services provider’s stock valued at $355,000 after buying an additional 257 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of NCR Corporation by 0.5% during the 2nd quarter. Stifel Financial Corp now owns 69,650 shares of the information technology services provider’s stock valued at $2,832,000 after buying an additional 315 shares in the last quarter. Capstone Asset Management Co. raised its holdings in shares of NCR Corporation by 3.7% during the 2nd quarter. Capstone Asset Management Co. now owns 14,041 shares of the information technology services provider’s stock valued at $573,000 after buying an additional 500 shares in the last quarter. Finally, Ironwood Investment Management LLC raised its holdings in shares of NCR Corporation by 1.0% during the 2nd quarter. Ironwood Investment Management LLC now owns 51,115 shares of the information technology services provider’s stock valued at $2,088,000 after buying an additional 500 shares in the last quarter. 88.02% of the stock is currently owned by institutional investors.

About NCR Corporation

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.

Analyst Recommendations for NCR Corporation (NYSE:NCR)

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