Zacks Research Downgrades NCR Atleos (NYSE:NATL) to Hold

NCR Atleos (NYSE:NATL) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages also recently weighed in on NATL. DA Davidson reissued a “neutral” rating and issued a $50.00 price target on shares of NCR Atleos in a report on Monday, May 11th. Wolfe Research downgraded shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a report on Wednesday, March 4th. Weiss Ratings downgraded shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Finally, Wedbush cut shares of NCR Atleos from an “outperform” rating to a “hold” rating and increased their price objective for the company from $45.00 to $50.40 in a research note on Friday, February 27th. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.27.

NCR Atleos Price Performance

Shares of NCR Atleos stock opened at $45.28 on Wednesday. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.98 and a quick ratio of 0.78. NCR Atleos has a fifty-two week low of $23.56 and a fifty-two week high of $48.50. The firm has a fifty day moving average price of $44.30 and a two-hundred day moving average price of $41.13. The company has a market cap of $3.34 billion, a PE ratio of 19.52 and a beta of 0.61.

NCR Atleos (NYSE:NATL) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.24). NCR Atleos had a net margin of 3.98% and a return on equity of 78.64%. The company had revenue of $1.04 billion during the quarter. During the same period in the previous year, the business posted $0.64 earnings per share. NCR Atleos’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that NCR Atleos will post 4.52 EPS for the current year.

Hedge Funds Weigh In On NCR Atleos

A number of hedge funds have recently made changes to their positions in NATL. State Street Corp lifted its holdings in shares of NCR Atleos by 0.9% during the fourth quarter. State Street Corp now owns 2,792,251 shares of the company’s stock valued at $106,413,000 after acquiring an additional 25,510 shares during the period. Engine Capital Management LP lifted its holdings in shares of NCR Atleos by 7.2% during the fourth quarter. Engine Capital Management LP now owns 2,581,525 shares of the company’s stock valued at $98,382,000 after acquiring an additional 172,846 shares during the period. Bank of America Corp DE lifted its holdings in shares of NCR Atleos by 198.2% during the first quarter. Bank of America Corp DE now owns 1,861,433 shares of the company’s stock valued at $81,121,000 after acquiring an additional 1,237,227 shares during the period. Dimensional Fund Advisors LP increased its position in shares of NCR Atleos by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,636,083 shares of the company’s stock worth $71,293,000 after purchasing an additional 58,745 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of NCR Atleos by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,398,747 shares of the company’s stock worth $53,306,000 after purchasing an additional 157,429 shares in the last quarter. 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.