NCR Atleos Corporation (NYSE:NATL) Given Consensus Rating of "Hold" by Brokerages

Key Points

• NCR Atleos has a consensus “Hold” rating from five brokerages: four holds and one buy. The average 12-month price target is $50.27, compared with a share price of $46.29.
• The company reported quarterly EPS of $1.49, beating analysts’ $1.05 consensus estimate, on revenue of $1.10 billion. Analysts expect full-year EPS of approximately $4.50.
• Institutional investors and hedge funds own 88.66% of NCR Atleos, with several firms adding or initiating positions during the second quarter.

NCR Atleos Corporation (NYSE:NATL - Get Free Report) has been assigned a consensus rating of "Hold" from the five ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $50.2667.

A number of brokerages recently weighed in on NATL. Zacks Research cut shares of NCR Atleos from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 27th. Weiss Ratings raised shares of NCR Atleos from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 19th.

NCR Atleos Stock Down 0.7%

Shares of NATL opened at $46.29 on Tuesday. NCR Atleos has a fifty-two week low of $33.31 and a fifty-two week high of $48.50. The company's fifty day moving average is $46.45 and its two-hundred day moving average is $45.05. The firm has a market cap of $3.42 billion, a PE ratio of 17.94 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 5.84.

NCR Atleos (NYSE:NATL - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.44. The business had revenue of $1.10 billion during the quarter. NCR Atleos had a return on equity of 83.41% and a net margin of 4.44%. Analysts forecast that NCR Atleos will post 4.5 earnings per share for the current year.

Institutional Trading of NCR Atleos

A number of institutional investors and hedge funds have recently modified their holdings of NATL. Engineers Gate Manager LP bought a new stake in NCR Atleos in the 2nd quarter valued at about $1,046,000. Maven Securities LTD bought a new stake in shares of NCR Atleos during the second quarter valued at about $7,002,000. Squarepoint Ops LLC lifted its holdings in NCR Atleos by 13.7% in the second quarter. Squarepoint Ops LLC now owns 547,643 shares of the company's stock worth $23,773,000 after purchasing an additional 65,775 shares during the period. Nykredit A S acquired a new stake in NCR Atleos in the second quarter worth about $161,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in NCR Atleos in the 2nd quarter valued at about $213,000. 88.66% of the stock is owned by institutional investors and hedge funds.

NCR Atleos Company Profile

NCR Atleos Corporation NYSE: NATL is a financial technology company focused on self-service banking and cash-access solutions. The company provides automated teller machines (ATMs), ATM software, transaction processing, cash-management services and related technology to financial institutions, retailers and independent ATM operators.

Its offerings include the deployment, maintenance and management of ATMs, as well as managed services designed to help financial institutions operate parts of their physical banking infrastructure.

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