NCR Atleos Corporation (NYSE:NATL) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of NCR Atleos Corporation (NYSE:NATL) have been given an average recommendation of “Hold” by the five ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $50.27.

Separately, Weiss Ratings upgraded NCR Atleos from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC grew its position in NCR Atleos by 245.7% in the first quarter. Sound Income Strategies LLC now owns 643 shares of the company’s stock valued at $28,000 after purchasing an additional 457 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in NCR Atleos during the 2nd quarter worth about $83,000. Hanson & Doremus Investment Management grew its holdings in shares of NCR Atleos by 19.3% in the 1st quarter. Hanson & Doremus Investment Management now owns 3,406 shares of the company’s stock valued at $148,000 after acquiring an additional 550 shares in the last quarter. Nykredit A S acquired a new stake in shares of NCR Atleos in the second quarter valued at about $161,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of NCR Atleos in the second quarter valued at about $213,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

NCR Atleos Stock Performance

NATL opened at $45.82 on Friday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 17.76 and a beta of 0.57. The business’s 50-day moving average price is $46.13 and its two-hundred day moving average price is $45.22. NCR Atleos has a 1 year low of $33.31 and a 1 year high of $48.50. The company has a debt-to-equity ratio of 5.84, a current ratio of 1.03 and a quick ratio of 0.83.

NCR Atleos (NYSE:NATL) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.44. The company had revenue of $1.10 billion during the quarter. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%. Equities analysts expect that NCR Atleos will post 4.50 EPS for the current fiscal year.

About NCR Atleos

NCR Atleos Corporation is a financial technology company focused on self-service banking and payment solutions. The company provides automated teller machines (ATMs), ATM-as-a-Service offerings, managed services, software, transaction processing, cash management and related support for financial institutions, retailers and other businesses.

Atleos also operates the Allpoint network, which provides consumers with access to surcharge-free ATMs through participating financial institutions and retail locations.