Learn all about NCR Atleos Corp (NYSE:NATL) and its latest analyst coverage, market outlook, and recent developments. Find out what experts are saying about this provider of ATM products and services and how it could impact your investment portfolio.
On Tuesday, NCR Atleos Corp received new coverage from a Stifel analyst with a Hold rating and a $31.00 price target. The analyst highlighted the company's focus on monetizing existing ATM fleets and expanding higher-margin service offerings.
The market outlook for NCR Atleos suggests modest revenue growth and potential margin expansion. The company is also making strides in the ATM as a Service (ATMaaS) industry, with recent developments allowing customers to sell bitcoin and withdraw cash from ATMs across the United States.
Goldman Sachs has maintained a neutral rating on NCR Atleos, recognizing its strong Q2 performance and progress with the ATMaaS model. The company has forecasted an EPS of $0.71-$0.81 for Q3 and revised its full-year 2024 guidance to an EPS of $2.90-$3.20.
Analysis and Breakdown
Overall, NCR Atleos Corp shows potential for growth and profitability, with a focus on expanding its service offerings and improving revenue streams. The company's strategic transition to ATMaaS and recent developments in the industry indicate a positive outlook for investors.
However, the stock is currently trading at a high Price / Book multiple of 8.14, which may be a concern for some investors. It's essential to consider this valuation metric and the analyst's cautious stance before making any investment decisions.
Investors looking for a comprehensive analysis can turn to platforms like InvestingPro for additional insights and tips on NCR Atleos Corp. By staying informed and understanding the company's financial health and market position, investors can make more informed decisions about their investments.
