Wednesday, June 29, 2022

NCR Corporation (NCR) is Holding Steady

Many stocks have been testing new highs in 2020, and one of the most notable is NCR Corporation (NCR). Currently, NCR is trading at $22.65 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $25.88.

To add more color to this target, the company’s high over the last year is $35.87 and the low is $10.55. Over the last 52 weeks, NCR is down -36.86% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, NCR reported a profit of $397.0 million. NCR Corporation also saw revenues increase to $1.5 billion. In addition, NCR has free cash flow of -$18.0 million as of 03-2020 The company’s EBITDA came in at $164.0 million which compares well with its peers.

NCR booked profit margins of 6.50%, its Return on Equity (ROE) is 52.70%, and its Return on Assets is 5.10%. All told, it is clear that, NCR needs to be on your watchlist.

About NCR Corporation

If readers are unfamiliar, NCR Corporation provides software and services worldwide. The company operates through Banking, Retail, Hospitality, and Other segments. The Banking segment offers solutions for financial services industry, including digital banking, branch transformation, and digital connected services; software solutions and platforms, such as a multi-vendor ATM management systems software application suites; payment processing software; fraud and loss prevention applications; and cash management and video banking software, as well as related hardware products comprise ATMs, interactive teller machines, cash dispensers, and image processing and check hardware. The Retail segment provides solutions for retail industry comprising comprehensive API-point of sale (POS) retail software platforms and applications, hardware terminals, self-service kiosks, which consists self-checkout (SCO), and payment processing solutions, as well as bar-code scanners. The Hospitality segment offers solutions for hospitality industry, including payment processing solutions for quick-service and table-service restaurants, convenience and fuel retailers, and other businesses; back-office inventory and store, and restaurant management applications, such as cloud-based loss prevention video technology and services. This segment also provides hospitality-oriented hardware products, which include POS terminals, SCO, and order and payment kiosks, bar code scanners, and printers and peripherals. The other segment offers maintenance, managed, and professional services using solutions comprises remote management and monitoring services for telecommunications and technology industry. NCR Corporation was founded in 1881 and is headquartered in Atlanta, Georgia.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NCR has a short ratio of 3.86 and outstanding shares of 128.00M.

Company Outlook

NCR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.31 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.47. NCR Corporation NCR also noted assets of $9.55 billion at the end of the last quarter. Investors should also keep an eye on sector updates as NCR has historically followed its peers on positive news.

All told, NCR Corporation NCR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NCR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

NCR Corporation NCR is now commanding a market cap of 2.90B and a float of 126.17M. NCR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NCR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in NCR, either long or short, and we have not been compensated for this article.

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