Goldman Sachs Raises Estimates on NCR Corp (NCR), Keeps Top Rating

August 29, 2011 10:17 AM EDT
Get Alerts NCR Hot Sheet
Price: $27.08 --0%

Rating Summary:
    10 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 15 | New: 40
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Goldman Sachs raised estimates and reiterated its Conviction Buy List rating on NCR Corp. (NYSE: NCR). The firm also retained their $21 price target, which suggests 29% upside.

The firm raised 2011/2012/2013 EPS estimates to $1.89/ $2.29/$2.62. This relates to: the recently closed Radiant Systems acquisition; Banco Bradesco’s initial 30,000 ATM order; the recently announced contract to provide hardware maintenance service for 10,000 Agricultural Bank of China ATMs.

For more ratings news on NCR Corp. click here and for the rating history of NCR Corp. click here.

Shares of NCR Corp. closed at $16.24 yesterday.


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