Ncr Corporation New (NYSE:NCR)’s Stock Is Buy After Less Market Selling

July 17, 2017 - By Louis Casey

 Ncr Corporation New (NYSE:NCR)'s Stock Is Buy After Less Market Selling

The stock of Ncr Corporation New (NYSE:NCR) registered a decrease of 7% in short interest. NCR’s total short interest was 5.70 million shares in July as published by FINRA. Its down 7% from 6.13 million shares, reported previously. With 997,200 shares average volume, it will take short sellers 6 days to cover their NCR’s short positions. The short interest to Ncr Corporation New’s float is 4.73%.

The stock decreased 0.77% or $0.32 during the last trading session, reaching $41.27. About 862,232 shares traded. NCR Corporation (NYSE:NCR) has risen 38.24% since July 17, 2016 and is uptrending. It has outperformed by 21.54% the S&P500.

NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The company has market cap of $5.05 billion. The Firm operates through three divisions: Software, Services and Hardware. It has a 33.66 P/E ratio. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.

NCR Corporation (NYSE:NCR) Ratings Coverage

Among 9 analysts covering NCR (NYSE:NCR), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. NCR had 19 analyst reports since August 20, 2015 according to SRatingsIntel. Benchmark maintained the shares of NCR in report on Tuesday, June 6 with “Buy” rating. The firm earned “Outperform” rating on Wednesday, October 28 by Oppenheimer. Oppenheimer upgraded NCR Corporation (NYSE:NCR) rating on Thursday, March 16. Oppenheimer has “Outperform” rating and $51 target. RBC Capital Markets maintained NCR Corporation (NYSE:NCR) on Wednesday, October 28 with “Outperform” rating. On Monday, January 25 the stock rating was upgraded by Northcoast to “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, April 13 report. Zacks upgraded it to “Buy” rating and $27 target in Wednesday, September 2 report. On Wednesday, October 26 the stock rating was maintained by Wedbush with “Neutral”. As per Thursday, August 20, the company rating was maintained by Oppenheimer. RBC Capital Markets maintained NCR Corporation (NYSE:NCR) rating on Monday, May 15. RBC Capital Markets has “Buy” rating and $51 target.

More recent NCR Corporation (NYSE:NCR) news were published by: Zacks.com which released: “What’s in the Offing for NCR Corp (NCR) in Q2 Earnings?” on July 17, 2017. Also Businesswire.com published the news titled: “NCR Simplifies Operations for Community Financial Institutions with Turn-Key …” on July 17, 2017. Seekingalpha.com‘s news article titled: “NCR is a tech bargain – Barron’s” with publication date: June 24, 2017 was also an interesting one.

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