NCR Corporation (NCR) Sets New 52-Week Low at $31.00
NCR Corporation (NYSE:NCR)’s share price reached a new 52-week low on Thursday . The company traded as low as $31.00 and last traded at $0.00, with a volume of shares traded.
NCR has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on NCR Corporation from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, October 20th. BidaskClub lowered NCR Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Royal Bank Of Canada reissued an “average” rating and set a $44.00 price objective on shares of NCR Corporation in a research note on Friday, October 20th. They noted that the move was a valuation call. Compass Point initiated coverage on NCR Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, J P Morgan Chase & Co set a $45.00 price objective on NCR Corporation and gave the stock a “buy” rating in a research note on Saturday, October 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $47.57.
NCR Corporation (NYSE:NCR) last posted its earnings results on Thursday, October 19th. The information technology services provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. NCR Corporation had a return on equity of 84.72% and a net margin of 5.11%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of NCR. Janus Henderson Group PLC boosted its position in shares of NCR Corporation by 3,424.9% during the second quarter. Janus Henderson Group PLC now owns 214,382 shares of the information technology services provider’s stock worth $8,755,000 after buying an additional 208,300 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of NCR Corporation during the second quarter worth approximately $7,810,000. Credit Suisse AG boosted its position in shares of NCR Corporation by 79.6% during the first quarter. Credit Suisse AG now owns 222,053 shares of the information technology services provider’s stock worth $10,143,000 after buying an additional 98,422 shares during the period. ETF Managers Group LLC acquired a new position in shares of NCR Corporation during the second quarter worth approximately $3,775,000. Finally, Voya Investment Management LLC boosted its position in shares of NCR Corporation by 161.7% during the second quarter. Voya Investment Management LLC now owns 129,915 shares of the information technology services provider’s stock worth $5,306,000 after buying an additional 80,264 shares during the period. Institutional investors and hedge funds own 89.18% of the company’s stock.
NCR Corporation Company Profile
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.
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