NCR Atleos (NYSE:NATL) Price Target Raised to $37.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus has raised the price target for NCR Atleos from $32.00 to $37.00, maintaining a "hold" rating, suggesting a potential downside of 0.30% from the current price.
• Wall Street Zen upgraded NCR Atleos from a "hold" to a "buy" rating, while Wedbush increased its price target from $35.00 to $45.00 and assigned an "outperform" rating.
• NCR Atleos reported earnings of $0.93 per share, exceeding analyst estimates, with a year-over-year revenue increase of 2.2% and a return on equity of 80.62%.

NCR Atleos (NYSE:NATL - Free Report) had its price target increased by Stifel Nicolaus from $32.00 to $37.00 in a report issued on Friday, August 8th,Benzinga reports. The brokerage currently has a hold rating on the stock.

NATL has been the subject of several other research reports. Wedbush increased their target price on NCR Atleos from $35.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Wall Street Zen raised NCR Atleos from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th.

NCR Atleos Trading Up 0.8%

NYSE NATL traded up $0.30 during trading hours on Friday, hitting $38.86. 172,348 shares of the company's stock were exchanged, compared to its average volume of 523,002. NCR Atleos has a 1-year low of $22.30 and a 1-year high of $38.95. The stock has a market capitalization of $2.86 billion, a P/E ratio of 22.08 and a beta of 1.02. 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 issued its quarterly earnings results on Saturday, August 9th. The company reported $0.93 EPS for the quarter, topping 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%. The firm's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS.

Hedge Funds Weigh In On NCR Atleos

A number of institutional investors and hedge funds have recently modified their holdings of NATL. Engine Capital Management LP lifted its position in NCR Atleos by 22.3% during the second quarter. Engine Capital Management LP now owns 2,415,779 shares of the company's stock valued at $68,922,000 after purchasing an additional 440,741 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in NCR Atleos during the second quarter valued at $3,684,000. Gabelli Funds LLC purchased a new position in NCR Atleos during the second quarter valued at $3,426,000. Villanova Investment Management Co LLC increased its holdings in shares of NCR Atleos by 176.1% in the second quarter. Villanova Investment Management Co LLC now owns 112,466 shares of the company's stock worth $3,209,000 after purchasing an additional 71,738 shares during the last quarter. Finally, Globeflex Capital L P raised its position in NCR Atleos by 16.5% during the second quarter. Globeflex Capital L P now owns 459,500 shares of the company's stock valued at $13,110,000 after purchasing an additional 65,178 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.