NCR Corp. (NCR) Sets New 52-Week High at $34.99
NCR Corp. (NYSE:NCR)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $34.99 and last traded at $34.63, with a volume of 287,126 shares trading hands. The stock had previously closed at $34.39.
Several equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of NCR Corp. from $37.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 15th. Zacks Investment Research raised 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 note on Friday, July 29th. TheStreet raised shares of NCR Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Finally, Wedbush boosted their price target on shares of NCR Corp. from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $31.88.
The firm has a 50 day moving average price of $32.38 and a 200 day moving average price of $29.26. The firm has a market capitalization of $4.21 billion and a PE ratio of 24.24.
NCR Corp. (NYSE:NCR) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.08. The business 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 earned $0.66 EPS. Equities research analysts predict that NCR Corp. will post $2.95 earnings per share for the current year.
In other NCR Corp. news, EVP Andrea Ledford sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $33.40, for a total transaction of $334,000.00. Following the sale, the executive vice president now owns 98,285 shares in the company, valued at approximately $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 that occurred on Wednesday, July 20th. The stock was sold at an average price of $31.17, for a total transaction of $502,429.23. Following 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.
A hedge fund recently raised its stake in NCR Corp. stock. BNP Paribas Arbitrage SA boosted its position in 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 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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