NCR Atleos (NYSE:NATL) Stock Price Expected to Rise, Wedbush Analyst Says

Key Points

• NCR Atleos has had its price target raised by Wedbush from $35.00 to $45.00, indicating a potential upside of 21.26% from its current price.
• Wall Street Zen upgraded NCR Atleos from a "hold" rating to a "buy" rating, reflecting increased investor confidence in the stock.
• The company reported a quarterly earnings per share of $0.93, surpassing analysts' estimates, with a notable year-over-year revenue growth of 2.2%.

NCR Atleos (NYSE:NATL - Get Free Report) had its price objective boosted by Wedbush from $35.00 to $45.00 in a research report issued on Friday, August 8th,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Wedbush's target price would indicate a potential upside of 15.80% from the stock's previous close.

Separately, Wall Street Zen raised shares of NCR Atleos from a "hold" rating to a "buy" rating in a report on Saturday, August 9th.

NCR Atleos Trading Up 0.8%

Shares of NYSE NATL traded up $0.30 during trading on Friday, reaching $38.86. 172,348 shares of the stock were exchanged, compared to its average volume of 523,002. NCR Atleos has a twelve month low of $22.30 and a twelve month high of $38.95. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 8.00. The stock has a market cap of $2.86 billion, a P/E ratio of 22.08 and a beta of 1.02.

NCR Atleos (NYSE:NATL - Get Free Report) last issued its quarterly earnings results on Saturday, August 9th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.09. NCR Atleos had a net margin of 3.09% and a return on equity of 80.62%. The company's revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share.

Hedge Funds Weigh In On NCR Atleos

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in shares of NCR Atleos by 14.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,931 shares of the company's stock worth $312,000 after acquiring an additional 1,415 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of NCR Atleos by 5.3% during the 2nd quarter. Bank of America Corp DE now owns 581,465 shares of the company's stock worth $16,589,000 after acquiring an additional 29,437 shares during the last quarter. Engine Capital Management LP increased its holdings in shares of NCR Atleos by 22.3% during the 2nd quarter. Engine Capital Management LP now owns 2,415,779 shares of the company's stock worth $68,922,000 after acquiring an additional 440,741 shares during the last quarter. Globeflex Capital L P increased its holdings in shares of NCR Atleos by 16.5% during the 2nd quarter. Globeflex Capital L P now owns 459,500 shares of the company's stock worth $13,110,000 after acquiring an additional 65,178 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of NCR Atleos by 1.2% during the 2nd quarter. State Street Corp now owns 2,761,117 shares of the company's stock worth $78,775,000 after acquiring an additional 31,684 shares during the last quarter. 88.66% of the stock is owned by institutional investors.

NCR Atleos Company Profile

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.