In a report released today, Daniel Kurnos from Benchmark Co. maintained a Buy rating on NCR Corp (NCR), with a price target of $37. The company’s shares closed yesterday at $27.44.
Kurnos observed:
“We view this as indicative of both early success in management’s new software & service game plan as well as of market share gains following Diebold’s (DBD:Not Rated) struggles. Unfortunately, however, FY19 guidance was somewhat mixed, with 0-1% organic growth (1-2% as reported) slightly below consensus on the heels of a disappointing finish to the year in Self-Checkout (SCO) and Point of Sale (PoS), where management acknowledged incremental investment needed to be made. Still, it was nice to see ATM finally perform, and with order volume and backlog up 9% and 22%, respectively, the segment should act as a modest tailwind. EPS was also guided $0.10 light but EBITDA came in $40 million ahead of consensus, most of which we see as just an items adjustment issue. Ultimately, we suspect the FY19 guide will prove conservative but NCR still remains an inexpensive show-me story.”
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 10.5% and a 55.1% success rate. Kurnos covers the Services sector, focusing on stocks such as Nexstar Media Group Inc, Sinclair Broadcast, and 1-800 Flowers.com.
NCR Corp has an analyst consensus of Moderate Buy, with a price target consensus of $30.
See today’s analyst top recommended stocks >>
Based on NCR Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.8 billion and GAAP net loss of $47 million. In comparison, last year the company earned revenue of $1.78 billion and had a GAAP net loss of $45 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
NCR Corp. engages in the development, manufacture and sale of consumer transaction solutions. It operates through the following segments: Software, Services and Hardware. The Software segment includes industry-based software platforms, applications and application suites for the financial services, retail, hospitality and small business industries.
