NCR Corp ( NCR - Analyst Report ) is showing a good combination of steady growth projections and attractive valuations. Many investors are afraid of aggressive stocks right now, but this could be a great opportunity to pick up shares.

Company Description

NCR Corp offers tech services that are used in ATMs, and other financial transactions. The company also provides self-service kiosks for the retail, gaming, travel, healthcare and other industries.

Solid Growth

On Jul 21 NCR Corp reported second quarter revenue of $1.31 billion, a 12% increase on a year over year basis. The financial services segment, by far the biggest portion of the business, was up 15% to $729 million. Growth was spread out across the BRIC countries and other emerging markets.

Earnings per share came in at $0.46, 4 cents above the Zacks Consensus estimate. The company missed expectations in Q1, but now has 4 surprises in the past 5 quarters.

Raising the Bar

In the same press release the company increased its revenue and income projections for the full year. Analysts were right behind them, driving the Zacks Consensus Estimate higher.

Forecasts for this year are up 6 cents, to $1.82. Next year's estimates are up 16 cents to an average of $2.03. In 2010 the company earned $1.53, so the expected growth rates are now 19% and 12%, respectively.

Attractive Valuations

Shares of NCR are trading with single-digit P/E ratios and a PEG of 0.5. The price to sales is at 0.5 as well and the stock is about 2.7 times book value.

The Chart

Of course, part of those valuations looking good is tied to the sell off last month. NCR was hit along with everything else but, this could be a great entry point for this Zacks #1 Rank (Strong Buy).

Bill Wilton is the Aggressive Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the Zacks Small Cap Trader service