NCR Atleos (NYSE:NATL) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of NCR Atleos (NYSE:NATL) from a strong-buy rating to a buy rating in a report published on Saturday.

A number of other research analysts also recently commented on NATL. Zacks Research downgraded NCR Atleos from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of NCR Atleos in a research note on Wednesday, October 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, Wedbush restated an “outperform” rating and issued a $45.00 target price on shares of NCR Atleos in a report on Friday. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.00.

NCR Atleos Trading Up 1.5%

Shares of NATL opened at $35.50 on Friday. NCR Atleos has a twelve month low of $22.30 and a twelve month high of $42.23. The firm has a fifty day moving average price of $38.50. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 19.94 and a beta of 0.97. The company has a debt-to-equity ratio of 8.43, a current ratio of 1.02 and a quick ratio of 0.84.

NCR Atleos (NYSE:NATL) last issued its earnings results on Wednesday, November 5th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.19. The firm had revenue of $1.12 billion during the quarter. NCR Atleos had a net margin of 3.11% and a return on equity of 81.96%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. NCR Atleos has set its FY 2025 guidance at 3.896-4.089 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NATL. State Street Corp raised its holdings in shares of NCR Atleos by 1.2% in the second quarter. State Street Corp now owns 2,761,117 shares of the company’s stock valued at $78,775,000 after buying an additional 31,684 shares during the last quarter. Engine Capital Management LP increased its position in NCR Atleos by 22.3% in the 2nd quarter. Engine Capital Management LP now owns 2,415,779 shares of the company’s stock valued at $68,922,000 after acquiring an additional 440,741 shares during the period. Clifford Capital Partners LLC increased its position in NCR Atleos by 3.0% in the 2nd quarter. Clifford Capital Partners LLC now owns 736,439 shares of the company’s stock valued at $21,011,000 after acquiring an additional 21,766 shares during the period. Simcoe Capital Management LLC purchased a new stake in NCR Atleos during the 2nd quarter valued at approximately $20,282,000. Finally, Bank of America Corp DE lifted its position in NCR Atleos by 5.3% during the 2nd quarter. Bank of America Corp DE now owns 581,465 shares of the company’s stock worth $16,589,000 after acquiring an additional 29,437 shares during the period. 88.66% of the stock is owned by hedge funds and other institutional investors.

NCR Atleos Company Profile

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.