Morgan Stanley Boosts NCR (NYSE:NCR) Price Target to $18.00

NCR (NYSE:NCR) had its target price hoisted by Morgan Stanley from $16.00 to $18.00 in a report released on Wednesday, BenzingaRatingsTable reports. The firm currently has an equal weight rating on the information technology services provider’s stock.

A number of other equities research analysts have also recently issued reports on the company. ValuEngine raised NCR from a sell rating to a hold rating in a research report on Thursday, July 2nd. Benchmark reduced their price objective on NCR from $36.00 to $30.00 and set a buy rating for the company in a research report on Tuesday, July 28th. Wells Fargo & Co reduced their price objective on NCR from $45.00 to $25.00 and set an overweight rating for the company in a research report on Thursday, April 2nd. Royal Bank of Canada reissued a buy rating and issued a $28.00 price objective on shares of NCR in a research report on Thursday, April 23rd. Finally, Oppenheimer reissued a buy rating and issued a $25.00 price objective (up from $20.00) on shares of NCR in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $26.38.

NYSE:NCR opened at $18.43 on Wednesday. The company has a market capitalization of $2.36 billion, a P/E ratio of 5.96 and a beta of 1.69. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.26 and a current ratio of 1.80. The stock’s 50 day moving average price is $17.59 and its 200 day moving average price is $22.06. NCR has a 52 week low of $10.55 and a 52 week high of $35.87.

NCR (NYSE:NCR) last announced its earnings results on Tuesday, July 28th. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.43 billion. NCR had a return on equity of 31.37% and a net margin of 6.72%. The company’s revenue was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. As a group, sell-side analysts forecast that NCR will post 1.53 earnings per share for the current fiscal year.

In other NCR news, CAO Beth Potter sold 19,534 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $19.95, for a total transaction of $389,703.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.90% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Profund Advisors LLC increased its stake in shares of NCR by 4.2% in the fourth quarter. Profund Advisors LLC now owns 9,795 shares of the information technology services provider’s stock valued at $344,000 after buying an additional 395 shares in the last quarter. Stephenson National Bank & Trust increased its stake in shares of NCR by 31.4% in the second quarter. Stephenson National Bank & Trust now owns 2,555 shares of the information technology services provider’s stock valued at $44,000 after buying an additional 611 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of NCR by 1.4% in the first quarter. Gamco Investors INC. ET AL now owns 46,814 shares of the information technology services provider’s stock valued at $829,000 after buying an additional 641 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of NCR by 54.6% in the first quarter. Parkside Financial Bank & Trust now owns 1,957 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 691 shares in the last quarter. Finally, Triangle Securities Wealth Management increased its stake in shares of NCR by 2.6% in the second quarter. Triangle Securities Wealth Management now owns 29,543 shares of the information technology services provider’s stock valued at $512,000 after buying an additional 738 shares in the last quarter. Institutional investors own 89.99% of the company’s stock.

NCR Company Profile

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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