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

Shares of NCR Atleos Corporation (NYSE:NATL) have received a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $50.2667.

A number of equities research analysts have recently commented on NATL shares. DA Davidson reaffirmed a “neutral” rating and issued a $50.00 price objective on shares of NCR Atleos in a research note on Monday, May 11th. Weiss Ratings downgraded NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Finally, Zacks Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th.

NCR Atleos Stock Down 0.0%

Shares of NYSE NATL opened at $47.02 on Monday. The firm has a market cap of $3.47 billion, a PE ratio of 20.27 and a beta of 0.57. The company has a 50 day simple moving average of $45.06 and a 200 day simple moving average of $43.57. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.98 and a quick ratio of 0.78. NCR Atleos has a 1 year low of $29.07 and a 1 year high of $48.50.

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

Institutional Trading of NCR Atleos

Several hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC raised its holdings in NCR Atleos by 66.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock worth $26,000 after buying an additional 276 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of NCR Atleos by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,867 shares of the company’s stock worth $643,000 after acquiring an additional 300 shares in the last quarter. Federated Hermes Inc. increased its position in shares of NCR Atleos by 0.3% during the second quarter. Federated Hermes Inc. now owns 115,565 shares of the company’s stock worth $3,297,000 after acquiring an additional 397 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of NCR Atleos by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 14,255 shares of the company’s stock worth $543,000 after acquiring an additional 446 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of NCR Atleos by 245.7% in the 1st quarter. Sound Income Strategies LLC now owns 643 shares of the company’s stock worth $28,000 after acquiring an additional 457 shares during 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.