Zacks Investment Research upgraded shares of Diebold Nixdorf (NYSE:DBD) from a sell rating to a hold rating in a research report report published on Monday morning.
According to Zacks, “Diebold Nixdorf provides the technology, software and services that connect people around the world with their money – bridging the physical and digital worlds of cash conveniently, securely and efficiently. Since its founding, Diebold has evolved to become a leading provider of exceptional self-service innovation, security and services to financial, commercial, retail and other markets. Diebold is known for designing, manufacturing, and servicing numerous product lines related to security and automated service. By 1998, the company offered automated teller machines, electronic and physical security equipment, automated medication dispensing systems, software, supplies and integrated systems solutions, among other products and services. “
A number of other equities analysts also recently issued reports on DBD. DA Davidson started coverage on Diebold Nixdorf in a research note on Wednesday, February 7th. They issued a neutral rating and a $19.00 price target on the stock. JPMorgan Chase set a $21.00 price target on Diebold Nixdorf and gave the stock a buy rating in a research note on Monday, February 12th. Lake Street Capital upgraded Diebold Nixdorf from a hold rating to a buy rating and set a $23.00 price target on the stock in a research note on Tuesday, February 13th. Credit Suisse Group restated an outperform rating and issued a $19.00 price target (down from $25.00) on shares of Diebold Nixdorf in a research note on Wednesday, February 14th. Finally, ValuEngine upgraded Diebold Nixdorf from a hold rating to a buy rating in a research note on Wednesday, March 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Diebold Nixdorf presently has an average rating of Hold and an average price target of $20.80.
Shares of DBD opened at $16.30 on Monday. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 3.53. Diebold Nixdorf has a 12 month low of $12.90 and a 12 month high of $29.80. The firm has a market cap of $1,207.45, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 4.56 and a beta of 2.05.
Diebold Nixdorf (NYSE:DBD) last issued its earnings results on Tuesday, February 13th. The technology company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. Diebold Nixdorf had a positive return on equity of 14.90% and a negative net margin of 5.06%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the business posted $0.32 EPS. The company’s revenue was up .5% compared to the same quarter last year. equities research analysts expect that Diebold Nixdorf will post 1.16 earnings per share for the current year.
In other news, CFO Christopher A. Chapman purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $16.05 per share, for a total transaction of $48,150.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.74% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Assetmark Inc. raised its holdings in Diebold Nixdorf by 185.8% in the 4th quarter. Assetmark Inc. now owns 6,801 shares of the technology company’s stock worth $111,000 after purchasing an additional 4,421 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in Diebold Nixdorf in the 4th quarter worth $113,000. CENTRAL TRUST Co bought a new position in Diebold Nixdorf in the 4th quarter worth $128,000. Advantage Investment Management LLC bought a new position in Diebold Nixdorf in the 4th quarter worth $163,000. Finally, J. Goldman & Co LP bought a new position in Diebold Nixdorf in the 4th quarter worth $196,000.
COPYRIGHT VIOLATION WARNING: This piece was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/20/diebold-nixdorf-dbd-stock-rating-upgraded-by-zacks-investment-research.html.
Diebold Nixdorf Company Profile
Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates in three segments: Services, Software, and Systems. The Services segment provides product-related services, such as first and second line maintenance, preventive maintenance, and on-demand services; and managed and outsourcing services, including store lifecycle management, self-service fleet management, branch lifecycle management, automated teller machine (ATM) as-a-service, and managed mobility services, as well as cash management services.
Get a free copy of the Zacks research report on Diebold Nixdorf (DBD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Diebold Nixdorf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diebold Nixdorf and related companies with MarketBeat.com's FREE daily email newsletter.