NCR Corp. (NCR) Sets New 1-Year High at $33.48
NCR Corp. (NYSE:NCR) hit a new 52-week high on Monday . The company traded as high as $33.48 and last traded at $33.47, with a volume of 308,787 shares changing hands. The stock had previously closed at $32.68.
NCR has been the topic of a number of analyst reports. Royal Bank Of Canada raised their price objective on shares of NCR Corp. from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, April 27th. Morgan Stanley reiterated a “hold” rating on shares of NCR Corp. in a research note on Tuesday, April 26th. Zacks Investment Research upgraded shares of NCR Corp. from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, July 29th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $35.00 price target on shares of NCR Corp. in a research note on Wednesday, July 20th. Finally, Wedbush lifted their price target on shares of NCR Corp. from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.38.
The stock has a market cap of $4.12 billion and a price-to-earnings ratio of 23.69. The firm’s 50 day moving average is $30.03 and its 200 day moving average is $27.62.
NCR Corp. (NYSE:NCR) last announced its earnings results on Tuesday, July 26th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.08. The firm earned $1.62 billion during the quarter, compared to analysts’ expectations of $1.56 billion. NCR Corp.’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 earnings per share. On average, analysts expect that NCR Corp. will post $2.95 EPS for the current year.
In other news, SVP Andrew S. Heyman sold 16,119 shares of the company’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $31.17, for a total value of $502,429.23. Following the completion of the transaction, the senior vice president now directly owns 24,396 shares in the company, valued at $760,423.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of hedge funds and institutional investors recently bought and sold shares of the stock. Morgan Stanley increased its position in NCR Corp. by 46.4% in the fourth quarter. Morgan Stanley now owns 2,320,574 shares of the company’s stock worth $56,762,000 after buying an additional 735,613 shares during the period. BNP Paribas Arbitrage SA increased its position in NCR Corp. by 549.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 209,076 shares of the company’s stock worth $5,114,000 after buying an additional 176,882 shares during the period. Finally, State of Tennessee Treasury Department increased its position in NCR Corp. by 40.0% in the fourth quarter. State of Tennessee Treasury Department now owns 140,000 shares of the company’s stock worth $3,424,000 after buying an additional 40,000 shares during the period.
NCR Corporation is a technology company that provides products and services that enable businesses to connect, interact and transact with their customers. The Company operates through four segments: Financial Services, Retail Solutions, Hospitality and Emerging Industries. Its portfolio of self-service and assisted-service solutions serve customers in the financial services, retail, hospitality, travel and telecommunications and technology industries.
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