DA Davidson upgraded shares of NCR (NYSE:NCR) from a neutral rating to a buy rating in a research note published on Tuesday, Marketbeat.com reports. The brokerage currently has $30.00 price target on the information technology services provider’s stock, up from their previous price target of $27.50.
Several other analysts have also recently issued reports on the company. Royal Bank of Canada raised NCR from an outperform rating to a top pick rating and set a $40.00 target price on the stock in a research report on Tuesday, December 18th. Oppenheimer reaffirmed a hold rating on shares of NCR in a research report on Tuesday, October 30th. Zacks Investment Research lowered NCR from a hold rating to a sell rating in a report on Tuesday, October 23rd. ValuEngine lowered NCR from a sell rating to a strong sell rating in a report on Friday, October 12th. Finally, Morgan Stanley decreased their price objective on NCR from $32.00 to $30.00 and set an equal weight rating for the company in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NCR presently has a consensus rating of Hold and an average target price of $36.00.
Shares of NYSE NCR opened at $25.95 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.97 and a debt-to-equity ratio of 6.43. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 2.20 and a beta of 1.77. NCR has a 12-month low of $20.93 and a 12-month high of $38.68.
Several institutional investors and hedge funds have recently modified their holdings of NCR. Victory Capital Management Inc. lifted its holdings in shares of NCR by 94.0% during the 3rd quarter. Victory Capital Management Inc. now owns 3,098,206 shares of the information technology services provider’s stock valued at $88,019,000 after purchasing an additional 1,501,532 shares during the last quarter. Alliancebernstein L.P. raised its stake in NCR by 15.5% in the 3rd quarter. Alliancebernstein L.P. now owns 6,814,174 shares of the information technology services provider’s stock worth $193,591,000 after acquiring an additional 913,020 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its stake in NCR by 19.6% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,966,986 shares of the information technology services provider’s stock worth $84,292,000 after acquiring an additional 486,568 shares during the last quarter. Janus Henderson Group PLC raised its stake in NCR by 10.7% in the 3rd quarter. Janus Henderson Group PLC now owns 4,720,693 shares of the information technology services provider’s stock worth $134,115,000 after acquiring an additional 455,611 shares during the last quarter. Finally, Royce & Associates LP purchased a new position in NCR in the 3rd quarter worth $11,004,000. Hedge funds and other institutional investors own 95.05% of the company’s stock.
NCR Corporation provides omni-channel technology solutions for businesses to connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and applications and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
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