NCR (NYSE:NCR) Earns “Outperform” Rating from Royal Bank of Canada

NCR (NYSE:NCR – Get Rating)‘s stock had its “outperform” rating restated by Royal Bank of Canada in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $32.00 price objective on the information technology services provider’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 50.66% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. StockNews.com began coverage on shares of NCR in a research note on Thursday. They issued a “hold” rating on the stock. Stephens raised their price objective on shares of NCR from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, December 8th. Finally, Morgan Stanley raised their price objective on shares of NCR from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.00.

NCR Stock Down 1.8 %

Shares of NYSE NCR opened at $21.24 on Friday. The firm has a market cap of $2.96 billion, a PE ratio of 73.24 and a beta of 1.67. NCR has a 12-month low of $18.06 and a 12-month high of $43.80. The company’s fifty day simple moving average is $25.72 and its 200 day simple moving average is $23.91. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 3.76.

NCR (NYSE:NCR – Get Rating) last issued its earnings results on Tuesday, February 7th. The information technology services provider reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.01). The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. NCR had a return on equity of 26.18% and a net margin of 0.76%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. As a group, sell-side analysts forecast that NCR will post 2.84 earnings per share for the current fiscal year.

Institutional Trading of NCR

Several institutional investors and hedge funds have recently made changes to their positions in the company. Money Concepts Capital Corp increased its holdings in NCR by 3,422.6% during the fourth quarter. Money Concepts Capital Corp now owns 1,092 shares of the information technology services provider’s stock worth $26,000 after buying an additional 1,061 shares during the last quarter. Ronald Blue Trust Inc. increased its holdings in NCR by 58.1% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,863 shares of the information technology services provider’s stock worth $35,000 after buying an additional 685 shares during the last quarter. Romano Brothers AND Company purchased a new stake in NCR during the fourth quarter worth about $36,000. SeaCrest Wealth Management LLC purchased a new stake in NCR during the second quarter worth about $37,000. Finally, Focused Wealth Management Inc purchased a new stake in NCR during the third quarter worth about $38,000. Hedge funds and other institutional investors own 92.99% of the company’s stock.

About NCR

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NCR Corp. engages in the development, manufacture, and sale of consumer transaction solutions. It operates through the following segments: Banking, Retail, Hospitality, and Telecommunications and Technology. The Banking segment offers software, services, and hardware solutions for the financial services industry.