NCR Corp. (NCR) Reaches New 52-Week High at $34.21
Shares of NCR Corp. (NYSE:NCR) hit a new 52-week high during trading on Wednesday . The stock traded as high as $34.21 and last traded at $34.00, with a volume of 207,010 shares. The stock had previously closed at $34.10.
Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of NCR Corp. from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 27th. Royal Bank Of Canada upped their target price on shares of NCR Corp. from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, April 27th. Wedbush upped their target price on shares of NCR Corp. from $20.00 to $25.00 and gave the company a “neutral” 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, Zacks Investment Research cut shares of NCR Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $31.88.
The firm has a 50 day moving average price of $31.73 and a 200-day moving average price of $28.84. The stock has a market cap of $4.21 billion and a P/E ratio of 24.20.
NCR Corp. (NYSE:NCR) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08. During the same quarter in the prior year, the business posted $0.66 EPS. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.56 billion. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts predict that NCR Corp. will post $2.95 earnings per share for the current fiscal year.
In other news, EVP Andrea Ledford sold 10,000 shares of NCR Corp. stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $33.40, for a total value of $334,000.00. Following the sale, the executive vice president now owns 98,285 shares in the company, valued at $3,282,719. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Andrew S. Heyman sold 16,119 shares of NCR Corp. stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $31.17, for a total transaction of $502,429.23. Following the completion of the sale, 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.
An institutional investor recently raised its position in NCR Corp. stock. BNP Paribas Arbitrage SA increased its stake in shares of NCR Corp. (NYSE:NCR) by 549.4% during the fourth quarter, according to its most recent 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 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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