NCR Atleos (NYSE:NATL) Sets New 52-Week High - Should You Buy?

Key Points

• NCR Atleos hit a 52-week high, reaching $48.59 and trading up 2.9% on the day.
• Analyst sentiment remains cautious: the consensus rating is Hold from one Buy and four Hold ratings, with an average price target of $50.27.
• The company reported quarterly EPS of $1.35 and revenue of $1.10 billion; its debt-to-equity ratio was 5.84.

NCR Atleos Corporation (NYSE:NATL - Get Free Report) reached a new 52-week high during trading on Wednesday. The stock traded as high as $48.59 and last traded at $48.43, with a volume of 374,458 shares changing hands. The stock had previously closed at $46.64.

Wall Street Analysts Forecast Growth

NATL has been the subject of a number of analyst reports. Weiss Ratings raised shares of NCR Atleos from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Wall Street Zen upgraded shares of NCR Atleos to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $50.27.

NCR Atleos Trading Up 2.9%

The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.83 and a current ratio of 1.03. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 18.60 and a beta of 0.57. The business has a fifty day simple moving average of $46.03 and a 200 day simple moving average of $44.48.

NCR Atleos (NYSE:NATL - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported $1.35 EPS for the quarter. NCR Atleos had a net margin of 4.44% and a return on equity of 83.41%. The business had revenue of $1.10 billion for the quarter.

Hedge Funds Weigh In On NCR Atleos

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its position in shares of NCR Atleos by 245.7% in the first quarter. Sound Income Strategies LLC now owns 643 shares of the company's stock worth $28,000 after purchasing an additional 457 shares during the period. Public Employees Retirement System of Ohio bought a new stake in NCR Atleos during the second quarter worth about $83,000. Sterling Capital Management LLC lifted its position in NCR Atleos by 839.6% during the third quarter. Sterling Capital Management LLC now owns 2,443 shares of the company's stock worth $110,000 after purchasing an additional 2,183 shares during the period. Nisa Investment Advisors LLC increased its holdings in NCR Atleos by 9.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,316 shares of the company's stock valued at $150,000 after buying an additional 300 shares during the period. Finally, Nykredit A S acquired a new position in shares of NCR Atleos in the 2nd quarter valued at approximately $161,000. 88.66% of the stock is owned by institutional investors and hedge funds.

About NCR Atleos

NCR Atleos Corporation is a financial technology company focused on self-service banking and automated teller machine (ATM) solutions. The company provides ATMs, software, managed services and related infrastructure that enable banks, retailers and independent ATM operators to deliver cash access and other routine banking services.

Its offerings include ATM-as-a-service, ATM deployment and management, cash management, transaction processing, maintenance and field support. NCR Atleos also provides software and digital tools designed to help financial institutions manage ATM networks, improve availability and connect self-service channels with broader banking operations.

NCR Atleos was separated from NCR Corporation in 2023, while the remaining company became NCR Voyix.

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