NCR Atleos Corporation (NYSE:NATL) Receives Average Recommendation of “Hold” from Analysts

NCR Atleos Corporation (NYSE:NATL) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $50.2667.

A number of research analysts have issued reports on the stock. Weiss Ratings lowered shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. DA Davidson restated a “neutral” rating and issued a $50.00 price target on shares of NCR Atleos in a research note on Monday, May 11th. Zacks Research cut NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Stifel Nicolaus set a $50.40 price objective on NCR Atleos in a research report on Wednesday, March 4th.

NCR Atleos Price Performance

Shares of NYSE NATL opened at $44.17 on Thursday. NCR Atleos has a 1-year low of $23.56 and a 1-year high of $48.50. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.98 and a quick ratio of 0.78. The business’s fifty day moving average price is $44.32 and its two-hundred day moving average price is $42.40. The firm has a market capitalization of $3.26 billion, a PE ratio of 19.04 and a beta of 0.57.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased 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 purchasing an additional 1,237,227 shares during the period. Janus Henderson Group PLC raised its stake in shares of NCR Atleos by 152.4% during the first quarter. Janus Henderson Group PLC now owns 81,485 shares of the company’s stock valued at $3,551,000 after purchasing an additional 49,200 shares in the last quarter. Amundi lifted its holdings in NCR Atleos by 56.7% in the first quarter. Amundi now owns 19,683 shares of the company’s stock worth $858,000 after purchasing an additional 7,124 shares during the period. California State Teachers Retirement System lifted its holdings in NCR Atleos by 19.7% in the first quarter. California State Teachers Retirement System now owns 82,966 shares of the company’s stock worth $3,616,000 after purchasing an additional 13,630 shares during the period. Finally, Quantinno Capital Management LP grew its position in NCR Atleos by 30.7% in the 1st quarter. Quantinno Capital Management LP now owns 21,724 shares of the company’s stock valued at $947,000 after buying an additional 5,103 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

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.