NCR (NYSE:NCR) Sets New 1-Year Low on Analyst Downgrade

NCR Co. (NYSE:NCRGet Rating)’s share price reached a new 52-week low during trading on Thursday after Stephens lowered their price target on the stock from $38.00 to $28.00. Stephens currently has an overweight rating on the stock. NCR traded as low as $21.51 and last traded at $21.65, with a volume of 40681 shares changing hands. The stock had previously closed at $21.99.

Separately, Morgan Stanley cut NCR from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $38.00 to $27.00 in a report on Monday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Institutional Trading of NCR

A number of hedge funds and other institutional investors have recently made changes to their positions in NCR. Swiss National Bank increased its holdings in shares of NCR by 7.9% in the first quarter. Swiss National Bank now owns 312,059 shares of the information technology services provider’s stock valued at $12,542,000 after buying an additional 22,800 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of NCR by 3.5% in the 1st quarter. New York State Teachers Retirement System now owns 168,669 shares of the information technology services provider’s stock valued at $6,779,000 after purchasing an additional 5,730 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of NCR in the first quarter worth approximately $2,940,000. Saltoro Capital LP boosted its holdings in shares of NCR by 177.8% during the first quarter. Saltoro Capital LP now owns 100,000 shares of the information technology services provider’s stock worth $4,019,000 after purchasing an additional 64,000 shares during the period. Finally, SCW Capital Management LP purchased a new position in NCR during the fourth quarter valued at approximately $5,027,000. 95.78% of the stock is currently owned by institutional investors.

NCR Trading Down 1.6 %

The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 4.00. The company has a market cap of $2.96 billion, a PE ratio of 46.02 and a beta of 1.51. The business’s 50-day simple moving average is $31.11 and its 200-day simple moving average is $33.79.

NCR (NYSE:NCRGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The information technology services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.10. NCR had a return on equity of 26.93% and a net margin of 1.06%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.62 earnings per share. NCR’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, analysts expect that NCR Co. will post 2.8 EPS for the current fiscal year.

NCR Company Profile

(Get Rating)

NCR Corporation provides various software and services worldwide. It operates through Banking, Retail, Hospitality, and Telecommunications and Technology segments. The company offers managed services and ATM-as-a-Service that allow banks to run their end-to-end ATM channels; software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers.

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