NCR Corp. (NCR) Sets New 12-Month High at $34.99
Shares of NCR Corp. (NYSE:NCR) hit a new 52-week high on Tuesday . The stock traded as high as $34.99 and last traded at $34.63, with a volume of 287,126 shares. The stock had previously closed at $34.39.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of NCR Corp. from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 9th. JPMorgan Chase & Co. boosted 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, August 15th. TheStreet upgraded shares of NCR Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Finally, Wedbush boosted their price objective on shares of NCR Corp. from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $31.88.
The stock has a market cap of $4.19 billion and a P/E ratio of 24.11. The stock’s 50-day moving average is $32.61 and its 200 day moving average is $29.40.
NCR Corp. (NYSE:NCR) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08. The firm earned $1.62 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the business earned $0.66 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Equities analysts anticipate that NCR Corp. will post $2.95 earnings per share for the current fiscal year.
In other NCR Corp. news, SVP Andrew S. Heyman sold 16,119 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now owns 24,396 shares of the company’s stock, valued at $760,423.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrea Ledford sold 6,455 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $34.02, for a total transaction of $219,599.10. Following the completion of the sale, the executive vice president now directly owns 93,454 shares of the company’s stock, valued at approximately $3,179,305.08. The disclosure for this sale can be found here.
An institutional investor recently raised its position 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 Form 13F filing with the Securities and Exchange Commission. 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 reporting period.
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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