Brokerages Set NCR Atleos Corporation (NYSE:NATL) Target Price at $50.27

NCR Atleos Corporation (NYSE:NATL) has been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $50.2667.

NATL has been the subject of several research analyst reports. Wedbush lowered shares of NCR Atleos from an “outperform” rating to a “hold” rating and boosted their price target for the company from $45.00 to $50.40 in a report on Friday, February 27th. Stifel Nicolaus set a $50.40 target price on NCR Atleos in a report on Wednesday, March 4th. DA Davidson reissued a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of NCR Atleos in a research note on Friday, February 27th. Wolfe Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Finally, Weiss Ratings raised NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 24th.

NCR Atleos Stock Down 0.6%

NCR Atleos stock opened at $42.66 on Tuesday. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 18.88 and a beta of 0.78. The company’s 50 day simple moving average is $41.74 and its 200 day simple moving average is $39.32. The company has a debt-to-equity ratio of 6.65, a current ratio of 0.96 and a quick ratio of 0.78. NCR Atleos has a fifty-two week low of $22.30 and a fifty-two week high of $48.50.

NCR Atleos (NYSE:NATL) last issued its earnings results on Thursday, February 26th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.22 by $0.27. The firm had revenue of $1.15 billion during the quarter. NCR Atleos had a net margin of 3.92% and a return on equity of 84.28%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS.

Institutional Trading of NCR Atleos

Hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC bought a new position in NCR Atleos in the fourth quarter valued at approximately $201,000. Villanova Investment Management Co LLC boosted its holdings in shares of NCR Atleos by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 172,009 shares of the company’s stock valued at $6,555,000 after buying an additional 699 shares during the period. Invesco Ltd. increased its position in shares of NCR Atleos by 0.9% during the fourth quarter. Invesco Ltd. now owns 294,410 shares of the company’s stock worth $11,220,000 after acquiring an additional 2,699 shares in the last quarter. JCP Investment Management LLC raised its holdings in shares of NCR Atleos by 11.0% during the fourth quarter. JCP Investment Management LLC now owns 288,602 shares of the company’s stock worth $10,999,000 after acquiring an additional 28,500 shares during the period. Finally, Pillsbury Lake Capital LLC acquired a new stake in shares of NCR Atleos during the fourth quarter worth $10,217,000. 88.66% of the stock is currently owned by institutional investors and hedge funds.

About NCR Atleos

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.