NCR Voyix (NYSE:VYX) Receives Outperform Rating from Royal Bank of Canada

NCR Voyix (NYSE:VYX - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Royal Bank of Canada in a report released on Friday, Benzinga reports. They currently have a $23.00 price objective on the stock. Royal Bank of Canada's target price indicates a potential upside of 87.83% from the company's current price.

Several other research firms also recently issued reports on VYX. The Goldman Sachs Group began coverage on NCR Voyix in a research note on Monday, March 18th. They issued a "neutral" rating and a $14.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and issued a $20.00 price target on shares of NCR Voyix in a research note on Monday, March 25th. DA Davidson reissued a "buy" rating and issued a $20.00 price target on shares of NCR Voyix in a research note on Thursday, March 28th. Finally, Northcoast Research raised NCR Voyix from a "neutral" rating to a "buy" rating and set a $17.00 price target on the stock in a research note on Tuesday, March 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.83.

NCR Voyix Stock Up 1.1 %

Shares of VYX traded up $0.13 during trading hours on Friday, reaching $12.25. The stock had a trading volume of 1,922,246 shares, compared to its average volume of 2,466,593. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 102.52. NCR Voyix has a 52 week low of $10.99 and a 52 week high of $19.01. The company's 50-day moving average is $13.70. The company has a market cap of $1.77 billion, a P/E ratio of -4.07 and a beta of 1.56.

NCR Voyix (NYSE:VYX - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.92). NCR Voyix had a negative net margin of 5.98% and a positive return on equity of 21.46%. The firm had revenue of $963.00 million during the quarter, compared to analyst estimates of $959.23 million. NCR Voyix's revenue for the quarter was down .3% on a year-over-year basis. As a group, equities analysts expect that NCR Voyix will post 3.17 earnings per share for the current year.

About NCR Voyix

NCR Voyix Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digital Banking, Payments & Network, and Self-Service Banking segments. It offers managed services, including ATM-as-a-Service solutions that allow banks to run their end-to-end ATM channels; software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers.