The price of NCR Corporation (NYSE:NCR) shares last traded on Wall Street rose 11.86% to $28.77.
Based on available information, 7 analysts follow NCR Corporation (NYSE:NCR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $37.00 and a low of $28.00, we find $32.00. Given the previous closing price of $25.72, this indicates a potential upside of 24.42 percent. NCR stock price is now 13.64% away from the 50-day moving average and 20.49% away from the 200-day moving average. The market capitalization of the company currently stands at $4.09B.
Among analysts, 2 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $32.17 as their price target over the next twelve months.
With the price target reduced from $38 to $27, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for NCR Corporation (NYSE: NCR).
In other news, Welling Glenn W., Director bought 255,309 shares of the company’s stock on Nov 11. The stock was bought for $5,861,291 at an average price of $22.96. Upon completion of the transaction, the Director now directly owns 2,918,047 shares in the company, valued at $83.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10, Director Welling Glenn W. bought 287,808 shares of the business’s stock. A total of $6,338,877 was incurred on buying the stock at an average price of $22.02. This leaves the insider owning 2,683,288 shares of the company worth $77.2 million. Insiders disposed of 791,015 shares of company stock worth roughly $22.76 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NCR stock.
A candlestick chart of NCR Corporation (NYSE: NCR) showed a price of $27.34 on Thursday morning. During the past 12 months, NCR Corporation has had a low of $18.06 and a high of $35.42. As of last week, the company has a debt-to-equity ratio of 3.70, a current ratio of 1.10, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $9.31B, which is based on a 45.02 price-to-earnings ratio, a 11.26 price-to-earnings-growth ratio, and a beta of 1.66. The fifty day moving average price for NCR is $25.40 and a two-hundred day moving average price translates $23.93 for the stock.
The latest earnings results from NCR Corporation (NYSE: NCR) was released for Jun, 2023. According to the Information Technology Services Company, earnings per share came in at $0.94, beating analysts’ expectations of $0.67 by 0.27. This compares to $0.04 EPS in the same period last year. The net profit margin was 1.10% and return on equity was 6.00% for NCR. The company reported revenue of $1.99 billion for the quarter, compared to $2.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.55 percent. For the current quarter, analysts expect NCR to generate $2.04B in revenue.
NCR Corporation(NCR) Company Profile
NCR Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digital Banking, Payments & Network, and Self-Service Banking segments. It offers managed services, including ATM-as-a-Service solutions 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. The company also provides solutions for banking channel services, transaction processing, imaging, and branch services. In addition, it offers solutions for retail industry comprising comprehensive API-point of sale (POS) retail software platforms and applications, hardware terminals and peripherals, payment processing solutions, and consumer engagement solutions, as well as self-service kiosks, which consists of self-checkout (SCO). Further, the company provides technology solutions to customers in the hospitality industry comprising table-service, quick-service, and fast casual restaurants. It also offers cloud-based and cloud-enabled software applications for point-of-sale, back office, payment processing, kitchen production, restaurant management, eCommerce, and consumer marketing and loyalty; and hospitality-oriented hardware products, such as POS terminals, kitchen display systems, handheld devices, printers, and peripherals. Additionally, the company provides managed network and infrastructure services to enterprise clients, as well as professional, field, and remote services for network technologies. It also offers solutions for customer account opening and onboarding across digital, branch, and call center channels. NCR Corporation was founded in 1881 and is headquartered in Atlanta, Georgia.
