Finally Time To Cut Your Stake? Oppenheimer Downgrades NCR Corp (NYSE:NCR) Shares

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NCR Corp (NYSE:NCR) Receives a Downgrade

Oppenheimer has given NCR Corp (NYSE:NCR) shares a new Outperform rating in analysts note revealed to clients and investors on 3 December. This was a cut price from the past Perform rating.

From a total of 7 analysts covering NCR (NYSE:NCR) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $34 while the lowest target price is $22. The mean of all analyst targets is $29.43 with a 11.33% above today’s ($26.65) stock price. NCR was the topic of 4 analyst reports since August 20, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on October 28 with “Outperform” rating. Zacks upgraded NCR stock in a recent report from September 2 to “Buy” rating.

Approximately 4.51M shares of stock traded hands or 108.80% up from the average. NCR Corporation (NYSE:NCR) has declined 0.77% since April 30, 2015 and is downtrending. It has underperformed by 0.48% the S&P500.

NCR Corporation is a global technology firm that provides services and products that enable businesses to connect, interact and transact with their customers. The company has a market cap of $4.66 billion. It operates in four business divisions, which include Financial Services, Retail Solutions, Hospitality and Emerging Industries. It currently has negative earnings. NCR offers financial services, such as a line of ATM and payment processing hardware and software; cash management and video banking software and digital banking services, and related installation, maintenance and managed and professional services.

According to Zacks Investment Research, “NCR Corporation is a recognized world leader in providing Relationship Technology solutions for the retail, financial, communications, travel and transportation, and insurance markets. NCR’s Relationship Technology solutions include privacy-enabled Teradata warehouses, ATMs and store automation. The company’s business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and world-leading hardware technology.” Get a free copy of the Zacks research report on NCR Corporation (NCR).

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