NCR (NCR) Stock Rating Upgraded by DA Davidson

Share on StockTwits

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.

NCR (NYSE:NCR) last announced its earnings results on Tuesday, October 30th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. NCR had a positive return on equity of 75.44% and a negative net margin of 1.33%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. As a group, equities research analysts expect that NCR will post 2.62 EPS for the current year.

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.

About NCR

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.

Read More: The mechanics of the bid-ask spread in trading

Analyst Recommendations for NCR (NYSE:NCR)

Receive News & Ratings for NCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Zacks: Analysts Anticipate First Defiance Financial  Will Post Earnings of $0.56 Per Share
Zacks: Analysts Anticipate First Defiance Financial Will Post Earnings of $0.56 Per Share
Brokerages Set $15.75 Target Price for International Money Express Inc
Brokerages Set $15.75 Target Price for International Money Express Inc
Biocept  Shares Gap Down to $1.67
Biocept Shares Gap Down to $1.67
VirnetX  Shares Gap Up to $6.33
VirnetX Shares Gap Up to $6.33
Zacks: Brokerages Anticipate Repligen Co.  Will Post Quarterly Sales of $50.33 Million
Zacks: Brokerages Anticipate Repligen Co. Will Post Quarterly Sales of $50.33 Million
Stealth 24-Hour Volume Tops $138.00
Stealth 24-Hour Volume Tops $138.00


Leave a Reply

© 2006-2019 Ticker Report