Oppenheimer analyst Ian Zaffino maintained a Hold rating on NCR Corp (NYSE: NCR) yesterday. The company’s shares closed yesterday at $23.82, close to its 52-week low of $23.41.
Zaffino noted:
“Helped by a lower tax rate, NCR reported better-than-expected EPS, despite lower- than-expected revenues. Revenues of $1,550M fell short of our/Street’s $1,605M/ $1,583M estimates, while adjusted EPS of $0.58 beat our/Street’s $0.45/$0.54E. Software and services revenues improved a modest 2%/4% YoY CC, while Hardware declined 20% YoY CC. Owing to an expected ramp in ATM production, NCR reiterated FY2018 EPS guidance of $2.55-$2.75. Maintain Perform.”
According to TipRanks.com, Zaffino is a 1-star analyst with an average return of -0.5% and a 49.1% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Wyndham Hotels & Resorts Inc, and Wyndham Destinations Inc.
NCR Corp has an analyst consensus of Moderate Buy.
See today’s analyst top recommended stocks >>
The company has a one-year high of $38.68 and a one-year low of $23.41. Currently, NCR Corp has an average volume of 1.07M.
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.
