Compass Point Reiterates a 'Neutral' on NCR Corp. (NCR); ATM Beast
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Price: $27.08 --0%
Rating Summary:
10 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
10 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Compass Point reiterates a 'Neutral' on NCR Corp. (NYSE: NCR) price target raises from $21 to $23.
Analyst, Douglas Greiner, says, "Our revised EPS estimates are $2.40 in 2012 ($2.24 previously) and $2.60 in 2013 ($2.38 previously). Our revised price target of $23 equals 9.6x this year's EPS. On the conference call, the company stated its ATM business is as strong as ever, citing Financial Services backlog growth for 10 consecutive quarters (15% growth this quarter) and revenue growth of +15% for 4 consecutive quarters (17% growth this quater). Beyond Financial Services (55% of total revenue), the Radiant acquisition and the divestiture of the Entertainment segment are driving overall performance. While we remain cautious due to the $1.3B unfunded pension liability and weak free cash flow, we acknowledge NCR's financial performance. Within our coverage, we continue to favor the companies with the most ATM exposure."
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 $22.26 yesterday.
Analyst, Douglas Greiner, says, "Our revised EPS estimates are $2.40 in 2012 ($2.24 previously) and $2.60 in 2013 ($2.38 previously). Our revised price target of $23 equals 9.6x this year's EPS. On the conference call, the company stated its ATM business is as strong as ever, citing Financial Services backlog growth for 10 consecutive quarters (15% growth this quarter) and revenue growth of +15% for 4 consecutive quarters (17% growth this quater). Beyond Financial Services (55% of total revenue), the Radiant acquisition and the divestiture of the Entertainment segment are driving overall performance. While we remain cautious due to the $1.3B unfunded pension liability and weak free cash flow, we acknowledge NCR's financial performance. Within our coverage, we continue to favor the companies with the most ATM exposure."
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 $22.26 yesterday.
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