NCR Atleos (NYSE:NATL) Reaches New 52-Week High - Still a Buy?

Key Points

• NCR Atleos (NYSE:NATL) reached a new 52-week high of $42.23 before closing at $40.42, with a trading volume of 204,635 shares.
• Analyst ratings have mixed sentiments, with Zacks downgrading the stock to a "hold" and Weiss Ratings maintaining a "hold" rating, while Wedbush upgraded its price target to $45 with an "outperform" rating.
• The company's quarterly earnings surpassed expectations, reporting an EPS of $0.93, which is a significant increase from $0.39 EPS in the same quarter last year.

NCR Atleos Corporation (NYSE:NATL - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $42.23 and last traded at $40.42, with a volume of 204635 shares. The stock had previously closed at $40.11.

Analyst Ratings Changes

NATL has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NCR Atleos in a research report on Wednesday. Zacks Research downgraded NCR Atleos from a "strong-buy" rating to a "hold" rating in a research report on Monday. Stifel Nicolaus boosted their price objective on NCR Atleos from $32.00 to $37.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Wedbush boosted their price objective on NCR Atleos from $35.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised NCR Atleos from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 17th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $41.00.

NCR Atleos Stock Down 0.9%

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 firm has a market capitalization of $2.92 billion, a PE ratio of 22.58 and a beta of 0.97. The stock has a fifty day simple moving average of $39.13.

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

Institutional Investors Weigh In On NCR Atleos

Several hedge funds have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of NCR Atleos by 1.1% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,815 shares of the company's stock worth $993,000 after acquiring an additional 370 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of NCR Atleos by 60.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company's stock worth $29,000 after acquiring an additional 384 shares in the last quarter. Federated Hermes Inc. grew its position in shares of NCR Atleos by 0.3% in the 2nd 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. Thrivent Financial for Lutherans grew its position in shares of NCR Atleos by 1.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 54,012 shares of the company's stock worth $1,541,000 after acquiring an additional 768 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in NCR Atleos by 14.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,931 shares of the company's stock valued at $312,000 after purchasing an additional 1,415 shares during the period. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

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.

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