NCR Atleos (NYSE:NATL) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• NCR Atleos (NYSE:NATL) received a "hold (c)" rating restated by Weiss Ratings, while Zacks Research downgraded it from "strong-buy" to "hold."
• The stock currently trades at $39.50, with an average price target of $41.00, and has experienced a twelve-month high of $42.23 and a low of $22.30.
• NCR Atleos reported a net margin of 3.09% and a return on equity of 80.62%, surpassing analysts' EPS estimates by $0.09 in its latest earnings report.

NCR Atleos (NYSE:NATL - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also commented on NATL. Zacks Research lowered shares of NCR Atleos from a "strong-buy" rating to a "hold" rating in a research note on Monday. Stifel Nicolaus upped their price objective on shares of NCR Atleos from $32.00 to $37.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Wall Street Zen raised shares of NCR Atleos from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 17th. Finally, Wedbush boosted their target price on shares of NCR Atleos from $35.00 to $45.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $41.00.

NCR Atleos Price Performance

NATL stock traded down $0.61 during trading on Wednesday, reaching $39.50. 301,135 shares of the company were exchanged, compared to its average volume of 530,371. The business's 50-day moving average is $39.13. The company has a market capitalization of $2.91 billion, a P/E ratio of 22.44 and a beta of 0.97. NCR Atleos has a twelve month low of $22.30 and a twelve month high of $42.23. The company has a debt-to-equity ratio of 8.00, a current ratio of 1.05 and a quick ratio of 0.84.

NCR Atleos (NYSE:NATL - Get Free Report) last released its quarterly earnings data 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%. During the same quarter in the previous year, the business posted $0.39 earnings per share. The business's quarterly revenue was up 2.2% compared to the same quarter last year.

Hedge Funds Weigh In On NCR Atleos

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its position in NCR Atleos by 60.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company's stock worth $29,000 after purchasing an additional 384 shares during the period. Tower Research Capital LLC TRC boosted its position in NCR Atleos by 214.3% during the second quarter. Tower Research Capital LLC TRC now owns 8,039 shares of the company's stock worth $229,000 after purchasing an additional 5,481 shares during the period. CW Advisors LLC bought a new position in NCR Atleos during the second quarter worth about $262,000. BNP Paribas Financial Markets grew its stake in NCR Atleos by 14.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,931 shares of the company's stock worth $312,000 after buying an additional 1,415 shares in the last quarter. Finally, Amundi purchased a new position in NCR Atleos in the 2nd quarter worth approximately $349,000. 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.

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