NCR Corp. (NCR) Sets New 12-Month High at $33.86
NCR Corp. (NYSE:NCR) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $33.86 and last traded at $33.69, with a volume of 282,944 shares traded. The stock had previously closed at $32.98.
Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of NCR Corp. from $37.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Investment Research upgraded shares of NCR Corp. from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Friday, July 29th. TheStreet upgraded shares of NCR Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Morgan Stanley restated a “hold” rating on shares of NCR Corp. in a research report on Tuesday, April 26th. Finally, Royal Bank Of Canada raised their price objective on shares of NCR Corp. from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. NCR Corp. presently has a consensus rating of “Buy” and a consensus target price of $31.88.
The company’s 50-day moving average is $31.14 and its 200-day moving average is $28.42. The firm has a market capitalization of $4.17 billion and a price-to-earnings ratio of 24.01.
NCR Corp. (NYSE:NCR) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.64 by $0.08. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The business earned $1.62 billion during the quarter, compared to analysts’ expectations of $1.56 billion. NCR Corp.’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities research analysts expect that NCR Corp. will post $2.95 EPS for the current year.
In other NCR Corp. news, SVP Andrew S. Heyman sold 16,119 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $31.17, for a total value of $502,429.23. Following the transaction, the senior vice president now directly owns 24,396 shares in the company, valued at approximately $760,423.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Andrea Ledford sold 10,000 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $33.40, for a total transaction of $334,000.00. Following the completion of the transaction, the executive vice president now owns 98,285 shares in the company, valued at $3,282,719. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in NCR Corp. stock. BNP Paribas Arbitrage SA boosted its position in shares of NCR Corp. (NYSE:NCR) by 549.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,076 shares of the company’s stock after buying an additional 176,882 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.12% of NCR Corp. worth $5,114,000 as of its most recent filing with the SEC.
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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