NCR Atleos Corporation (NYSE:NATL) Stock Has Consensus Target Price of $50.27

Key Points

• Analysts maintain a “Hold” consensus on NCR Atleos, with four hold ratings and one buy rating. The average 12-month price target is $50.27, compared with a recent share price of $45.82.
• NCR Atleos reported quarterly EPS of $1.49, exceeding the $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 the stock, with several firms recently initiating or increasing positions. Shares remain near their 52-week high of $48.50.

NCR Atleos Corporation (NYSE:NATL - Get Free Report) has been assigned an average recommendation of "Hold" from the five ratings firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $50.27.

Separately, Weiss Ratings raised shares of NCR Atleos from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday.

Institutional Inflows and Outflows

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

NCR Atleos Stock Performance

Shares of NYSE:NATL opened at $45.82 on Friday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 17.76 and a beta of 0.57. The firm's 50 day simple moving average is $46.13 and its 200 day simple moving average is $45.22. The company has a debt-to-equity ratio of 5.84, a current ratio of 1.03 and a quick ratio of 0.83. NCR Atleos has a fifty-two week low of $33.31 and a fifty-two week high of $48.50.

NCR Atleos (NYSE:NATL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.44. The firm had revenue of $1.10 billion during the quarter. NCR Atleos had a net margin of 4.44% and a return on equity of 83.41%. As a group, sell-side analysts forecast that NCR Atleos will post 4.50 earnings per share for the current year.

About NCR Atleos

NCR Atleos Corporation is a financial technology company focused on self-service banking and payment solutions. The company provides automated teller machines (ATMs), ATM-as-a-Service offerings, managed services, software, transaction processing, cash management and related support for financial institutions, retailers and other businesses.

Atleos also operates the Allpoint network, which provides consumers with access to surcharge-free ATMs through participating financial institutions and retail locations.

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