Weiss Ratings Reaffirms Hold (C) Rating for NCR Atleos (NYSE:NATL)

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for NCR Atleos (NYSE:NATL), indicating a cautious outlook on the stock's performance.
• Average ratings from analysts show a consensus target price of $41.00, with one analyst rating it as a "Buy" and three as "Hold."
• NCR Atleos has demonstrated strong quarterly performance, reporting $1.03 billion in revenue and $1.47 earnings per share, contributing to its market capitalization of $2.81 billion.

NCR Atleos (NYSE:NATL - Get Free Report)'s stock had its "hold (c)" rating reissued by equities research analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Other analysts have also issued research reports about the stock. Zacks Research lowered shares of NCR Atleos from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Wedbush boosted their price objective on shares of NCR Atleos from $35.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Stifel Nicolaus boosted their price objective on shares of NCR Atleos from $32.00 to $37.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of NCR Atleos from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 17th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $41.00.

NCR Atleos Price Performance

NATL opened at $38.14 on Friday. The company has a debt-to-equity ratio of 8.00, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $2.81 billion, a P/E ratio of 21.67 and a beta of 0.97. The business's 50 day simple moving average is $38.99. NCR Atleos has a fifty-two week low of $22.30 and a fifty-two week high of $42.23.

NCR Atleos (NYSE:NATL - Get Free Report) last posted its quarterly earnings results on Monday, January 29th. The company reported $1.47 earnings per share for the quarter. The business had revenue of $1.03 billion during the quarter. NCR Atleos had a net margin of 3.09% and a return on equity of 80.62%.

Hedge Funds Weigh In On NCR Atleos

Institutional investors and hedge funds have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in NCR Atleos by 1.1% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,815 shares of the company's stock worth $993,000 after buying an additional 370 shares in the last quarter. Seizert Capital Partners LLC grew its stake in NCR Atleos by 63.0% during the second quarter. Seizert Capital Partners LLC now owns 123,668 shares of the company's stock worth $3,528,000 after buying an additional 47,781 shares in the last quarter. Swiss National Bank grew its stake in NCR Atleos by 5.0% during the second quarter. Swiss National Bank now owns 140,180 shares of the company's stock worth $3,999,000 after buying an additional 6,700 shares in the last quarter. JPMorgan Chase & Co. grew its stake in NCR Atleos by 5.0% during the second quarter. JPMorgan Chase & Co. now owns 124,694 shares of the company's stock worth $3,558,000 after buying an additional 5,946 shares in the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new stake in NCR Atleos during the second quarter worth about $3,684,000. 88.66% of the stock is currently owned by institutional investors and hedge funds.

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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