Posts for Ticker ‘NCR’

Top Analyst Downgrades (BCS, CBY, CBS, LFC, CHL, DBD, ELX, NCR, PHG, QSII)

These are some of the top pre-market analyst downgrades and negative analyst calls we have seen from Wall Street firms this Monday morning:

Barclays (BCS) Cut to Sell at Societe Generale.
Cadbury (CBY) Cut to Underweight at JPMorgan.
CBS (CBS) Cut to Sell at UBS.
China Life Insurance Co. Ltd. (LFC) Cut to Neutral at UBS.
China Mobile (CHL) Cut to Neutral at UBS.
Diebold (DBD) Cut to Neutral at Baird.
Emulex (ELX) Cut to Sector Perform at RBC.
NCR (NCR) Cut to Neutral at Baird.
Philips (PHG) Cut to Sell at Societe Generale.
Quality Systems (QSII) Cut to Sell at UBS.

JON C. OGG

Posted on: March 30, 2009 – 6:24 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ACAD, ACE, AACC, RATE, GYMB, KIM, MMC, MVL, NCR, WSH)

These aren’t all of the analyst calls out there today, but these are ten of the calls impacting shares early this Tuesday morning:

  • ACADIA Pharmaceuticals (ACAD) Raised to Neutral at Banc of America.
  • ACE Limited (ACE) Raised to Outperform at Wachovia.
  • Asset Acceptance Capital (AACC) Cut to Underperform at Jefferies.
  • Bankrate (RATE) Cut to Hold from Buy at Collins Stewart.
  • Gymboree (GYMB) Cut to Market Perform from Outperform at FBR.
  • Kimco Realty (KIM) Cut to Neutral from Outperform at Credit Suisse.
  • Marsh & McLennan (MMC) Raised to Buy from Hold at Citigroup.
  • Marvel Entertainment (MVL) Started as Market Weight at Thomas Weisel.
  • NCR (NCR) Raised to Outperform from Neutral at Baird.
  • Willis Group (WSH) Cut to Hold at Citigroup.

Jon C. Ogg
July 8, 2008

Posted on: July 8, 2008 – 6:29 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AG, AXL, BUD, ASTI, CMG, EIX, EXC, GM, GSK, NCR)

These are ten of the analyst calls we are focusing on this Tuesday morning:

  • AGCO Corp. (NYSE: AG) Raised to Outperform from Neutral at Credit Suisse.
  • American Axle (NYSE: AXL) raised to Buy at Citigroup.
  • Anheuser-Busch (NYSE: BUD) cut to Hold at Deutsche Bank.
  • Ascent Solar Tech (NASDAQ: ASTI) Started as Outperform at Cowen.
  • Chipotle Class (NYSE: CMG) Started as Overweight at JPMorgan.
  • Edison International (NYSE: EIX) Cut to Neutral from Buy at Goldman Sachs.
  • Exelon Corp. (NYSE: EXC) Raised to Buy from Neutral at Goldman Sachs.
  • General Motors     (NYSE: GM) cut to Hold at Citigroup.
  • GlaxoSmithKline (NYSE: GSK) Cut to Underweight at Morgan Stanley.
  • NCR Corp (NYSE: NCR) started as Overweight at Lehman Brothers.

Jon C. Ogg
May 27, 2008

Posted on: May 27, 2008 – 6:34 am in Analyst Calls, , , , , , , , , ,

NCR Dodges The Retail Blues, Thanks To Automated Checkout Terminals (NCR, TDC)

NCR Corp. (NYSE: NCR), formerly known as National Cash Register, is managing to raise earning per share targets.  While there are always companies that do well and while some companies outperform during an economic crunch, this is quite surprising when you consider that most retail operations are noting a pinch on their results as the economy slides. 

The company has set its new 2007 EPS range at $1.35 to $1.40.  This compares to its previous guidance range of $1.20 to $1.25, and fiscal targets according to First Call are only $1.22.  NCR also said it sees Fiscal 2007 revenue growth of approximately 8% instead of its previous guidance of 5% to 6% revenue growth.  What is interesting is that the company noted stronger than previously anticipated profitability in the company’s Customer Services operations and in financial self-service and retail store automation divisions.  Sounds good for the self check-outs and for the technology side of the business, yet maybe an omen for cashier operators that may not exactly have a triple digit I.Q.

This might not seem like a monumental change, but it did just restructure itself and when you consider the slowing retail economy that NCR sells to then this is quite a surprise.  So far Wall Street is rewarding NCR with a 6.6% gain to $22.35. 

NCR’s 52-week trading range is $19.64 to $57.50, although we’d caution that the $57.50 is misleading because of the recently spun-off Teradata (NYSE: TDC).

Jon C. Ogg
January 10, 2008

Posted on: January 10, 2008 – 9:59 am in Retail, ,

Cardtronics Sets Initial IPO Terms (CATM, DBD, NCR, TDC)

Cardtronics Inc. (NASDAQ:CATM) has set the initial range and terms for its IPO.  The company is indicated to sell 16.666 million shares of common stock at a price range of $14 to $16 per share, although half of the shares are from the company and half are from senior management and selling shareholders.  The underwriting group is rather large: Deutsche Bank, William Blair, Banc of America, JPMorgan, Piper Jaffray, and RBC Capital Markets.

Cardtronics, Inc. claims the world’s largest network of ATMs, with over 31,500 ATMs in merchant locations throughout the U.S., the U.K., and Mexico. Approximately 19,600 of the ATMs are Company-owned and 11,900 are merchant-owned. Over 9,500 of its Company-owned ATMs are under contract with well-known banks to place their logos on those machines and provide surcharge-free  access to their customers.  Cardtronics also operates the Allpoint network, which sells surcharge-free access to financial institutions that lack a significant ATM network.

outside of the 7-Eleven loss revenues, the company generated pro forma revenues for the 12-months ended Dec. 31, 2006 of $439.3 million and for the 9-months ended Sept. 30, 2007 of $345.7 million.  But there is a difference between net and pro forma.  Excluding the pro forma effects of the 7-Eleven ATM Transaction, it generated revenues of $293.6 million for the year ended December 31, 2006 and $262.3 million for the 9-months ended September 30, 2007.

The first thing you would say is that this competes against Diebold, Inc. (NYSE:DBD), although the company uses their ATM’s and Diebold actually owns a tiny stake in the company.  Diebold is a primary maintenance vendor and Diebold is one of its key ATM suppliers, NCR (NYSE:NCR) is also a primary maintenance vendor and is also an ATM supplier to the company.

We had reviewed this for a potential special situation investing newsletter pick in the past around the filing, but Diebold couldn’t really be looked at as a back-door plays as it didn’t have a significant enough of a stake; and NCR was going through its own special situation in its spin-off of Teradata (NYSE:TDC).

We frequently send out more data to our open and free email distribution list, and we also cover similar situations in the special situation investing newsletter.

Jon C. Ogg
November 21, 2007

Posted on: November 21, 2007 – 10:39 am in IPOs, Mergers and Buy Outs, , , , , ,

Cramer Backs Mark Hurd at Hewlett-Packard

Cramer’s second CEO in his "Transformational CEO’s" list is Mark Hurd of Hewlett-Packard (NYSE:HPQ).He said you can slap a buy on him because he took over H-P in March of2005 after Carly Fiorina was leading the company.  H-P shares havedoubled and he took it out of disarray.  It was even behind Dell(NASDAQ:DELL)in market share.  The payrolls were bloated and the server business wasa joke.  Hurd went back to focus on engineering and the company even delivered on Cramer’s prediction of an earnings upside surprise.  Hurd even took NCR (NYSE:NCR) up some 300% before joining H-P.

Last night, Cramer noted Schering-Plough’s Fred Hassan as one of his top 5 transformational CEO’s.

The call on H-P and Mark Hurd is hard to argue with.  Dell still mayhave more of a leveraged upside if the company can swing it around andlive up to the expectations, but so far it is hard to argue with thiscall.

Jon C. Ogg
May 15, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: May 15, 2007 – 5:58 pm in Cramer, , ,