BidaskClub Downgrades NCR Corporation (NYSE:NCR) to Sell

NCR Corporation (NYSE:NCR) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday, July 27th.

Other equities analysts have also issued research reports about the company. TheStreet raised NCR Corporation from a “c+” rating to a “b” rating in a research note on Thursday, July 20th. Benchmark Co. reaffirmed a “buy” rating and set a $55.00 price target on shares of NCR Corporation in a research note on Friday, July 21st. Compass Point initiated coverage on NCR Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $48.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of NCR Corporation in a research note on Sunday, July 16th. Finally, Zacks Investment Research upgraded NCR Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.29.

Shares of NCR Corporation (NYSE:NCR) opened at 36.06 on Thursday. The company’s 50 day moving average is $39.02 and its 200-day moving average is $42.11. The company has a market capitalization of $4.38 billion, a PE ratio of 22.22 and a beta of 1.88. NCR Corporation has a 52 week low of $29.83 and a 52 week high of $49.90.

NCR Corporation (NYSE:NCR) last issued its quarterly earnings results on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts expect that NCR Corporation will post $3.37 EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the stock. FNY Partners Fund LP acquired a new stake in NCR Corporation during the first quarter worth about $107,000. Bronfman E.L. Rothschild L.P. boosted its stake in NCR Corporation by 5.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,364 shares of the information technology services provider’s stock worth $108,000 after buying an additional 124 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in NCR Corporation during the first quarter worth about $114,000. James Investment Research Inc. acquired a new stake in NCR Corporation during the first quarter worth about $152,000. Finally, Highbridge Capital Management LLC acquired a new stake in NCR Corporation during the first quarter worth about $216,000. 89.06% of the stock is owned by institutional investors.

About NCR Corporation

NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.

Analyst Recommendations for NCR Corporation (NYSE:NCR)

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