Northcoast Research upgraded shares of NCR Co. (NYSE:NCR) from a neutral rating to a buy rating in a research note published on Monday morning, The Fly reports.

Shares of NCR (NYSE:NCR) traded down 1.22% during trading on Monday, reaching $20.16. The company’s stock had a trading volume of 952,477 shares. The company has a 50-day moving average price of $23.27 and a 200-day moving average price of $25.71. The stock’s market cap is $3.43 billion. NCR has a one year low of $18.96 and a one year high of $36.50.

NCR (NYSE:NCR) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.08. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the company earned $0.67 earnings per share. The firm’s revenue was down 2.1% on a year-over-year basis. On average, equities research analysts forecast that NCR will post $2.75 earnings per share for the current fiscal year.

Several institutional investors recently added to or reduced their stakes in NCR. Water Island Capital bought a new position in NCR during the third quarter valued at $76,000. Harvest Management bought a new position in NCR during the third quarter valued at $243,000. BB&T Securities bought a new position in NCR during the fourth quarter valued at $256,000. EQIS Capital Management increased its position in NCR by 171.0% in the fourth quarter. EQIS Capital Management now owns 22,755 shares of the company’s stock valued at $557,000 after buying an additional 14,359 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its position in NCR by 13.7% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 80,543 shares of the company’s stock valued at $1,970,000 after buying an additional 9,714 shares in the last quarter.

Several other brokerages have also recently issued reports on NCR. RBC Capital decreased their price objective on NCR from $36.00 to $33.00 in a report on Tuesday, November 3rd. Wedbush upped their price objective on NCR from $18.00 to $22.00 and gave the stock a neutral rating in a report on Monday, November 2nd. JPMorgan Chase & Co. decreased their price objective on NCR from $38.00 to $36.00 and set an outperform rating on the stock in a report on Monday, November 2nd. Zacks Investment Research raised NCR from a hold rating to a buy rating and set a $29.00 price objective on the stock in a report on Thursday, October 29th. Finally, Jefferies Group assumed coverage on NCR in a report on Friday, December 18th. They set an overweight rating and a $33.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. NCR presently has an average rating of Buy and an average target price of $30.29.

NCR Corporation (NYSE:NCR) is a global technology company that provides products and services that enable businesses to connect, interact and transact with their customers. It operates in four business segments, which include Financial Services, Retail Solutions, Hospitality and Emerging Industries. NCR offers financial services, such as a line of ATM and payment processing hardware and software; cash management and video banking software and digital banking services, and related installation, maintenance and managed and professional services. NCR offers technology solutions to customers in the hospitality industry. The Company offers maintenance, as well as managed and professional services for third-party computer hardware provided to select manufacturers. The Company offers solutions to customers in the retail industry.

12 Month Chart for NYSE:NCR

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