NCR Corp. (NCR) Reaches New 1-Year High at $33.86
NCR Corp. (NYSE:NCR) hit a new 52-week high on Thursday . The company traded as high as $33.86 and last traded at $33.69, with a volume of 282,944 shares changing hands. The stock had previously closed at $32.98.
A number of brokerages have weighed in on NCR. JPMorgan Chase & Co. upped their price target on shares of NCR Corp. from $37.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, August 15th. Royal Bank Of Canada upped their price target 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 reissued a “hold” rating on shares of NCR Corp. in a report on Tuesday, April 26th. TheStreet raised shares of NCR Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. Finally, Zacks Investment Research upgraded NCR Corp. from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, July 29th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $31.88.
The firm’s 50-day moving average price is $31.50 and its 200 day moving average price is $28.54. The firm has a market cap of $4.18 billion and a P/E ratio of 24.02.
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 Zacks’ consensus estimate of $0.64 by $0.08. The business earned $1.62 billion during the quarter, compared to analyst estimates of $1.56 billion. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. Analysts forecast that NCR Corp. will post $2.95 earnings per share for the current fiscal year.
In related news, EVP Andrea Ledford sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $33.40, for a total value of $334,000.00. Following the transaction, the executive vice president now owns 98,285 shares in the company, valued at $3,282,719. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Andrew S. Heyman sold 16,119 shares of the firm’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 completion of the transaction, the senior vice president now owns 24,396 shares in the company, valued at approximately $760,423.32. 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 stake in shares of NCR Corp. (NYSE:NCR) by 549.4% during the fourth quarter, according to its most recent filing with the 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 0.12% of NCR Corp. worth $5,114,000 as of its most recent SEC filing.
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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