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DA Davidson maintained its Buy rating on NCR (NYSE:VYX) Atleos Corp. (NYSE:NATL) on Wednesday, keeping its price target unchanged at $60.00 per share. According to InvestingPro data, the stock currently trades at $28.01 with a P/E ratio of 17.27, suggesting potential upside based on analyst targets ranging from $30 to $60.
The research firm’s decision followed meetings with NCR Atleos executives, including Executive Vice President and Chief Financial Officer Andy Wamser, as well as investor relations representatives. The company, with a market capitalization of $2.07 billion and last twelve months EBITDA of $850 million, has shown promising financial metrics according to InvestingPro analysis.
DA Davidson expressed optimism about demand trends related to self-service banking (SSB), progress in the company’s ATM-as-a-Service (ATMaaS) offerings, and the associated sales funnel.
The firm also highlighted the potential for NCR Atleos to consider returning capital to shareholders as it continues to reduce its debt levels. Currently, the company maintains a debt-to-equity ratio of 11.08, making debt reduction a key priority. Get comprehensive insights and 7 additional key ProTips for NATL with an InvestingPro subscription.
"We had time to attend several meetings with NATL’s EVP and CFO, Andy Wamser, and NATL IR, and came away with a bullish view on SSB-related demand trends, ATMaaS progress and associated funnel, as well as potential for the company to consider return of capital as it continues to deleverage the balance sheet," DA Davidson noted.
In other recent news, NCR Atleos Corp reported its Q1 2025 financial results, highlighting a strong performance with an earnings per share (EPS) of $0.64, which represents a 56% increase year-over-year. The company reported a revenue of $966 million, which was slightly below the previous year’s constant currency basis and fell short of the forecasted $1.08 billion. Despite this revenue shortfall, the company maintained its leadership in the ATM industry for the eighth consecutive year. NCR Atleos also reaffirmed its full-year 2025 guidance, projecting core revenue growth of 3-6% and adjusted EBITDA growth of 7-10%. The company emphasized its operational strengths, with adjusted EBITDA increasing by 9% and a margin expansion of 270 basis points. Recurring revenue constituted 75% of core business revenues, underscoring the company’s focus on service and software growth. Additionally, NCR Atleos highlighted its strategic partnerships, including a significant expansion with 7-Eleven, which further strengthens its competitive position. The company also addressed potential risks, including tariff impacts and competition in the ATM market, with contingency plans in place to mitigate these challenges.
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