TheStreet Lowers NCR (NCR) to C
NCR (NYSE:NCR) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c” rating in a report issued on Friday.
A number of other brokerages also recently weighed in on NCR. ValuEngine downgraded NCR from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Royal Bank of Canada reiterated an “average” rating and issued a $44.00 price target on shares of NCR in a report on Friday, October 20th. They noted that the move was a valuation call. Morgan Stanley lowered their price target on NCR from $43.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. Benchmark reiterated a “buy” rating and issued a $44.00 price target on shares of NCR in a report on Wednesday, February 7th. Finally, DA Davidson assumed coverage on NCR in a report on Wednesday, February 7th. They issued a “neutral” rating and a $39.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. NCR has an average rating of “Hold” and a consensus price target of $45.25.
NCR (NYSE NCR) opened at $31.72 on Friday. NCR has a 52-week low of $29.20 and a 52-week high of $49.90. The stock has a market capitalization of $3,728.32, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 2.30 and a beta of 1.83. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.50 and a quick ratio of 1.09.
In related news, EVP J. Robert Ciminera sold 1,937 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $37.36, for a total transaction of $72,366.32. Following the completion of the transaction, the executive vice president now directly owns 6,802 shares in the company, valued at approximately $254,122.72. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of NCR. Fuller & Thaler Asset Management Inc. grew its stake in shares of NCR by 392.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 6,400 shares of the information technology services provider’s stock worth $218,000 after purchasing an additional 5,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of NCR by 43.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,567 shares of the information technology services provider’s stock worth $223,000 after purchasing an additional 1,979 shares in the last quarter. Oakbrook Investments LLC bought a new position in shares of NCR in the fourth quarter worth $226,000. Financial Counselors Inc. grew its stake in shares of NCR by 34.5% in the fourth quarter. Financial Counselors Inc. now owns 7,475 shares of the information technology services provider’s stock worth $254,000 after purchasing an additional 1,918 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in shares of NCR in the fourth quarter worth $257,000. Hedge funds and other institutional investors own 90.18% of the company’s stock.
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NCR 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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