NCR Corp. (NCR) Sets New 52-Week High at $33.48
NCR Corp. (NYSE:NCR) shares reached a new 52-week high on Monday . The stock traded as high as $33.48 and last traded at $33.47, with a volume of 308,787 shares trading hands. The stock had previously closed at $32.68.
Several research analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of NCR Corp. from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, April 27th. JPMorgan Chase & Co. upped their price objective on shares of NCR Corp. from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, July 27th. Morgan Stanley reiterated a “hold” rating on shares of NCR Corp. in a research note on Tuesday, April 26th. TheStreet upgraded shares of NCR Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Finally, Zacks Investment Research upgraded shares of NCR Corp. from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, July 29th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $31.38.
The stock has a 50 day moving average of $30.25 and a 200-day moving average of $27.93. The stock has a market capitalization of $4.10 billion and a price-to-earnings ratio of 23.59.
NCR Corp. (NYSE:NCR) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.08. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.56 billion. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS. On average, analysts anticipate that NCR Corp. will post $2.95 earnings per share for the current year.
In related news, SVP Andrew S. Heyman sold 16,119 shares of NCR Corp. stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $31.17, for a total transaction of $502,429.23. Following the transaction, the senior vice president now owns 24,396 shares of the company’s stock, valued at approximately $760,423.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Other hedge funds and institutional investors recently made changes to their positions in the company. State of Tennessee Treasury Department raised its position in shares of 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 last quarter. BNP Paribas Arbitrage SA raised its position in shares of 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 last quarter. Finally, Morgan Stanley raised its position in shares of 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 last quarter.
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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