NCR (NCR) Upgraded at ValuEngine

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NCR (NYSE:NCR) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Monday.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of NCR from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. UBS Group cut shares of NCR from an “outperform” rating to a “market perform” rating in a report on Friday, July 27th. Oppenheimer cut shares of NCR from an “outperform” rating to a “market perform” rating and set a $37.00 price target on the stock. in a report on Friday, July 27th. Benchmark reaffirmed a “buy” rating and issued a $44.00 price target on shares of NCR in a report on Wednesday, July 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of NCR from $38.00 to $35.00 and set an “overweight” rating for the company in a research note on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. NCR currently has an average rating of “Hold” and a consensus target price of $37.80.

NCR traded down $0.02 during trading on Monday, hitting $25.77. The company had a trading volume of 1,002,036 shares, compared to its average volume of 1,138,540. The stock has a market capitalization of $3.04 billion, a PE ratio of 8.05, a P/E/G ratio of 2.47 and a beta of 1.77. The company has a debt-to-equity ratio of 7.89, a current ratio of 1.46 and a quick ratio of 1.01. NCR has a 1-year low of $24.15 and a 1-year high of $38.68.

NCR (NYSE:NCR) last posted its quarterly earnings results on Thursday, July 26th. The information technology services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.59 billion. NCR had a negative net margin of 0.80% and a positive return on equity of 73.82%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. On average, equities research analysts forecast that NCR will post 2.61 earnings per share for the current fiscal year.

NCR announced that its board has authorized a stock repurchase plan on Thursday, July 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the information technology services provider to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

A number of hedge funds have recently added to or reduced their stakes in NCR. Janney Montgomery Scott LLC bought a new stake in NCR during the second quarter valued at $202,000. Financial Counselors Inc. grew its position in shares of NCR by 29.6% during the second quarter. Financial Counselors Inc. now owns 9,206 shares of the information technology services provider’s stock worth $276,000 after acquiring an additional 2,104 shares during the last quarter. GAM Holding AG bought a new position in shares of NCR during the second quarter worth about $296,000. BB&T Corp grew its position in shares of NCR by 22.0% during the second quarter. BB&T Corp now owns 13,284 shares of the information technology services provider’s stock worth $398,000 after acquiring an additional 2,393 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of NCR by 97.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,771 shares of the information technology services provider’s stock worth $413,000 after acquiring an additional 6,799 shares during the last quarter. Hedge funds and other institutional investors own 91.25% of the company’s stock.

About NCR

NCR Corporation provides omni-channel technology solutions for businesses to connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and 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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