NCR (NYSE:NCR) Upgraded to B- at TheStreet

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TheStreet upgraded shares of NCR (NYSE:NCR) from a c rating to a b- rating in a research report sent to investors on Tuesday morning, TheStreetRatingsTable reports.

NCR has been the topic of several other reports. Royal Bank of Canada raised their target price on NCR to $48.00 and gave the company a top pick rating in a report on Thursday, December 19th. Standpoint Research started coverage on NCR in a report on Monday, December 23rd. They set an accumulate rating on the stock. Finally, Stephens initiated coverage on NCR in a report on Tuesday, December 3rd. They set an equal weight rating and a $38.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $38.63.

Shares of NYSE:NCR opened at $32.93 on Tuesday. The company has a market cap of $4.22 billion, a P/E ratio of 91.47 and a beta of 1.62. The company has a debt-to-equity ratio of 5.20, a quick ratio of 0.98 and a current ratio of 1.35. NCR has a one year low of $25.93 and a one year high of $35.87. The business’s 50-day simple moving average is $34.54 and its 200 day simple moving average is $32.43.

NCR (NYSE:NCR) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.73 billion. NCR had a return on equity of 79.96% and a net margin of 1.30%. During the same period last year, the business posted $0.84 EPS. Analysts predict that NCR will post 2.8 earnings per share for the current year.

In other NCR news, SVP Adrian Button sold 8,238 shares of NCR stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $33.29, for a total transaction of $274,243.02. Following the sale, the senior vice president now directly owns 11,654 shares in the company, valued at approximately $387,961.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Bedore sold 2,707 shares of NCR stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $32.45, for a total value of $87,842.15. Following the sale, the executive vice president now owns 48,700 shares in the company, valued at $1,580,315. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of NCR. BlackRock Inc. grew its position in shares of NCR by 3.7% in the 2nd quarter. BlackRock Inc. now owns 10,888,105 shares of the information technology services provider’s stock worth $338,619,000 after acquiring an additional 390,502 shares in the last quarter. LSV Asset Management grew its position in shares of NCR by 0.7% in the 4th quarter. LSV Asset Management now owns 5,060,983 shares of the information technology services provider’s stock worth $177,944,000 after acquiring an additional 33,918 shares in the last quarter. State Street Corp grew its position in shares of NCR by 3.2% in the 4th quarter. State Street Corp now owns 4,647,151 shares of the information technology services provider’s stock worth $163,394,000 after acquiring an additional 142,524 shares in the last quarter. River Road Asset Management LLC grew its position in shares of NCR by 37.1% in the 4th quarter. River Road Asset Management LLC now owns 2,797,658 shares of the information technology services provider’s stock worth $98,366,000 after acquiring an additional 756,454 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its position in shares of NCR by 103.5% in the 4th quarter. Westfield Capital Management Co. LP now owns 2,753,407 shares of the information technology services provider’s stock worth $96,810,000 after acquiring an additional 1,400,688 shares in the last quarter. Institutional investors own 92.00% of the company’s stock.

About NCR

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, 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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Analyst Recommendations for NCR (NYSE:NCR)

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