Wedbush Raises price Target on NCR Corp. (NCR) Following 3Q; Reiterates Neutral

October 26, 2016 8:38 AM EDT
Get Alerts NCR Hot Sheet
Price: $42.18 +0.24%

Rating Summary:
    5 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Wedbush reiterated a Neutral rating on NCR Corp. (NYSE: NCR), and raised the price target to $30.00 (from $25.00), following the company's 3Q earnings report. Revenue of $1.68 billion beat consensus expectations of $1.63 billion. Non-GAAP EPS of $0.87 beat consensus of $0.81 on $0.06 of onetime add backs.

Analyst Gil Luria commented, "We expect NCR to sustain low-single digit organic revenue growth and mid-single digit earnings growth, but believe there may still be some risk to 2016 FCF guidance."

For an analyst ratings summary and ratings history on NCR Corp. click here. For more ratings news on NCR Corp. click here.

Shares of NCR Corp. closed at $30.25 yesterday.

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