NCR Atleos (NYSE:NATL) Rating Lowered to Hold at Zacks Research

Key Points

• NCR Atleos has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research, indicating a more cautious outlook on the stock.
• Analysts from Stifel Nicolaus and Wedbush have adjusted their target prices for NCR Atleos, with estimates ranging from $37.00 to $45.00 per share.
• The company reported earnings of $0.93 per share for the last quarter, surpassing expectations and showing a 2.2% year-over-year revenue increase.

NCR Atleos (NYSE:NATL - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts have also recently commented on NATL. Stifel Nicolaus upped their target price on NCR Atleos from $32.00 to $37.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Weiss Ratings reissued a "hold (c)" rating on shares of NCR Atleos in a research note on Saturday, September 27th. Wedbush increased their price objective on NCR Atleos from $35.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Wall Street Zen raised NCR Atleos from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $41.00.

NCR Atleos Trading Down 0.1%

Shares of NYSE NATL opened at $39.90 on Monday. The firm's 50 day simple moving average is $39.11. The company has a debt-to-equity ratio of 8.00, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 22.67 and a beta of 0.97. NCR Atleos has a 12-month low of $22.30 and a 12-month high of $40.78.

NCR Atleos (NYSE:NATL - Get Free Report) last posted its quarterly earnings results on Saturday, August 9th. The company reported $0.93 earnings per share 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%. During the same period last year, the company earned $0.39 earnings per share. The company's revenue for the quarter was up 2.2% on a year-over-year basis.

Institutional Trading of NCR Atleos

Hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC lifted its holdings in shares of NCR Atleos by 60.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company's stock valued at $29,000 after purchasing an additional 384 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of NCR Atleos by 214.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,039 shares of the company's stock valued at $229,000 after acquiring an additional 5,481 shares during the period. CW Advisors LLC acquired a new position in shares of NCR Atleos in the 2nd quarter valued at $262,000. BNP Paribas Financial Markets increased its position in shares of NCR Atleos by 14.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,931 shares of the company's stock valued at $312,000 after acquiring an additional 1,415 shares during the period. Finally, Amundi acquired a new position in shares of NCR Atleos in the 2nd quarter valued at $349,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.