NCR Atleos (NYSE:NATL) Raised to "Strong-Buy" at Wall Street Zen

Key Points

• NCR Atleos was upgraded from a "buy" to a "strong-buy" rating by analysts at Wall Street Zen, indicating increased investor confidence.
• Following the upgrade, Wedbush raised their target price for the company from $35 to $45, while Stifel Nicolaus increased it from $32 to $37, reflecting positive market sentiment.
• In their latest earnings report, NCR Atleos achieved earnings per share of $0.93, surpassing expectations and marking a year-over-year increase in revenue of 2.2%.

Wall Street Zen upgraded shares of NCR Atleos (NYSE:NATL - Free Report) from a buy rating to a strong-buy rating in a report published on Sunday.

Several other brokerages also recently commented on NATL. Stifel Nicolaus upped their target price 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. Wedbush upped their target price on shares of NCR Atleos from $35.00 to $45.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $41.00.

NCR Atleos Trading Down 1.1%

Shares of NATL traded down $0.43 on Friday, reaching $37.57. 402,826 shares of the company's stock were exchanged, compared to its average volume of 1,104,596. 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 cap of $2.76 billion, a price-to-earnings ratio of 12.18 and a beta of 1.02. NCR Atleos has a 12 month low of $22.30 and a 12 month high of $39.56.

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%. The business's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share.

Institutional Investors Weigh In On NCR Atleos

Several large investors have recently made changes to their positions in NATL. Steward Partners Investment Advisory LLC increased its position in shares of 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 acquiring an additional 384 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 acquiring an additional 5,481 shares in the last quarter. CW Advisors LLC bought a new stake in shares of NCR Atleos during the second quarter worth $262,000. BNP Paribas Financial Markets increased its position in shares of NCR Atleos by 14.9% during the second 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 in the last quarter. Finally, Amundi bought a new stake in shares of NCR Atleos during the second quarter worth $349,000. Institutional investors own 88.66% of the company's stock.

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.