NCR Corp Receives a Buy from Oppenheimer

In a report released yesterday, Ian Zaffino from Oppenheimer maintained a Buy rating on NCR Corp (NYSE: NCR), with a price target of $51. The company’s shares closed yesterday at $31.15, close to its 52-week low of $29.20.

Zaffino said:

“NCR delivered a solid quarter helped by strength in Cloud (up 9%) and services (up 8%). Adjusted EPS of $0.56 beat our/Street’s $0.45E and guidance of $0.41-$0.47. Despite the large beat, management kept its 2018 guidance unchanged, as it took the upside out of 2Q18 guidance, e.g., revenues of $1.58B-$1.61B and adjusted EPS of $0.12-$0.30, vs. our/Street’s revenue of $1.56B/1.61B and adjusted EPS of $0.74/ $0.75E. Maintain Outperform.”

According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 1.8% and a 52.5% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Versum Materials, and Peak Resorts.

Currently, the analyst consensus on NCR Corp is Moderate Buy and the average price target is $47.50, representing a 52.5% upside.

In a report issued on April 30, Benchmark Co. also maintained a Buy rating on the stock with a $44 price target.

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NCR Corp’s market cap is currently $3.8B and has a P/E ratio of 37.08. The company has a book value ratio of 5.2855.

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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.