NCR Corp. (NCR) Sets New 1-Year High at $34.21
NCR Corp. (NYSE:NCR) hit a new 52-week high on Wednesday . The company traded as high as $34.21 and last traded at $34.00, with a volume of 207,010 shares changing hands. The stock had previously closed at $34.10.
A number of brokerages have weighed in on NCR. JPMorgan Chase & Co. lifted their price objective on NCR Corp. from $37.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, August 15th. Zacks Investment Research upgraded shares of NCR Corp. from a “hold” rating to a “buy” rating and set a $37.00 price target 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. Finally, Wedbush lifted their price target 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. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. NCR Corp. presently has a consensus rating of “Buy” and an average price target of $31.88.
The company has a market capitalization of $4.19 billion and a PE ratio of 24.10. The stock has a 50-day moving average of $32.07 and a 200 day moving average of $28.91.
NCR Corp. (NYSE:NCR) last posted its earnings results on Tuesday, July 26th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.64 by $0.08. The firm earned $1.62 billion during the quarter, compared to the consensus estimate of $1.56 billion. NCR Corp.’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. Analysts predict that NCR Corp. will post $2.95 earnings per share for the current fiscal year.
In other NCR Corp. news, EVP Andrea Ledford sold 6,455 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $34.02, for a total value of $219,599.10. Following the completion of the transaction, the executive vice president now owns 93,454 shares in the company, valued at approximately $3,179,305.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Andrew S. Heyman sold 16,119 shares of the company’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $31.17, for a total transaction of $502,429.23. Following the completion of the transaction, the senior vice president now owns 24,396 shares of the company’s stock, 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 NCR Corp. (NYSE:NCR) by 549.4% during the fourth quarter, according to its most recent disclosure 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 approximately 0.12% of NCR Corp. worth $5,114,000 at the end of the most recent 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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