NCR Atleos (NYSE:NATL) Raised to Strong-Buy at Zacks Research

NCR Atleos (NYSE:NATL) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts also recently weighed in on NATL. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research report on Wednesday, March 4th. Wedbush lowered NCR Atleos from an “outperform” rating to a “hold” rating and boosted their price objective for the stock from $45.00 to $50.40 in a research note on Friday, February 27th. Weiss Ratings raised NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 24th. Wolfe Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Finally, DA Davidson reiterated a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of NCR Atleos in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.27.

NCR Atleos Price Performance

Shares of NYSE:NATL traded up $0.02 during midday trading on Tuesday, reaching $44.49. 105,020 shares of the company’s stock traded hands, compared to its average volume of 916,691. The company has a fifty day simple moving average of $44.07 and a two-hundred day simple moving average of $40.12. NCR Atleos has a 1 year low of $23.56 and a 1 year high of $48.50. The company has a market cap of $3.28 billion, a P/E ratio of 19.69 and a beta of 0.78. The company has a debt-to-equity ratio of 6.65, a quick ratio of 0.78 and a current ratio of 0.96.

NCR Atleos (NYSE:NATL) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.22 by $0.27. The company 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%. NCR Atleos’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 EPS. Equities analysts predict that NCR Atleos will post 4.52 EPS for the current fiscal year.

Hedge Funds Weigh In On NCR Atleos

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fourth Sail Capital LP purchased a new stake in NCR Atleos in the 4th quarter valued at $33,597,000. Simcoe Capital Management LLC purchased a new position in shares of NCR Atleos during the 2nd quarter worth $20,282,000. Capital International Investors acquired a new position in shares of NCR Atleos during the 3rd quarter valued at about $16,466,000. Millennium Management LLC purchased a new stake in shares of NCR Atleos in the third quarter valued at about $14,900,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of NCR Atleos in the third quarter valued at about $14,188,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

NCR Atleos Company Profile

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.