Oppenheimer reaffirmed their hold rating on shares of NCR (NYSE:NCR) in a report issued on Tuesday. Oppenheimer also issued estimates for NCR’s Q4 2018 earnings at $0.74 EPS.
A number of other equities research analysts have also recently commented on the stock. ValuEngine raised shares of NCR from a strong sell rating to a sell rating in a research note on Tuesday, August 28th. Zacks Investment Research lowered shares of NCR from a hold rating to a sell rating in a research note on Tuesday, October 23rd. UBS Group lowered shares of NCR from an outperform rating to a market perform rating in a research note on Friday, July 27th. Benchmark reiterated a buy rating and set a $44.00 price target on shares of NCR in a research note on Wednesday, July 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of NCR from $38.00 to $35.00 and set an overweight rating on the stock in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $35.80.
Shares of NYSE NCR traded down $0.48 during midday trading on Tuesday, reaching $27.55. 46,698 shares of the stock were exchanged, compared to its average volume of 1,118,373. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 2.29 and a beta of 1.77. NCR has a twelve month low of $23.41 and a twelve month high of $38.68. The company has a debt-to-equity ratio of 7.89, a current ratio of 1.46 and a quick ratio of 1.01.
NCR (NYSE:NCR) last issued its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 negative net margin of 1.33% and a positive return on equity of 71.51%. The business’s revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. Analysts anticipate that NCR will post 2.61 earnings per share for the current fiscal year.
NCR declared that its Board of Directors has approved a share buyback program on Thursday, July 26th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the information technology services provider to purchase up to 6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
Several institutional investors have recently made changes to their positions in the company. Pitcairn Co. acquired a new position in shares of NCR during the third quarter worth about $517,000. River Road Asset Management LLC grew its position in shares of NCR by 1.7% during the third quarter. River Road Asset Management LLC now owns 838,000 shares of the information technology services provider’s stock worth $23,808,000 after buying an additional 13,670 shares in the last quarter. Comerica Bank grew its position in shares of NCR by 15.0% during the third quarter. Comerica Bank now owns 119,277 shares of the information technology services provider’s stock worth $3,057,000 after buying an additional 15,534 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of NCR by 94.0% during the third quarter. Victory Capital Management Inc. now owns 3,098,206 shares of the information technology services provider’s stock worth $88,019,000 after buying an additional 1,501,532 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of NCR by 8.4% during the third quarter. US Bancorp DE now owns 36,033 shares of the information technology services provider’s stock worth $1,024,000 after buying an additional 2,793 shares in the last quarter. 91.26% of the stock is owned by institutional investors and hedge funds.
NCR Company Profile
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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