Diebold Upgraded to Neutral by Zacks (DBD)
Diebold (NYSE:DBD) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Analyst Ratings News reports. The firm currently has a $30.10 target price on the stock. Zacks‘ target price suggests a potential upside of 3.08% from the company’s current price.
DBD has been the subject of a number of other recent research reports. Analysts at Compass Point cut their price target on shares of Diebold from $31.00 to $26.00 in a research note to investors on Wednesday, August 7th. They now have a “neutral” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Diebold from $27.00 to $29.00 in a research note to investors on Monday, August 5th. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Diebold from $26.00 to $27.00 in a research note to investors on Tuesday, July 30th. They now have an “underweight” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $28.68.
Shares of Diebold (NYSE:DBD) traded down 0.41% on Tuesday, hitting $29.20. The stock had a trading volume of 714,131 shares. Diebold has a 1-year low of $27.59 and a 1-year high of $35.40. The stock has a 50-day moving average of $29.45 and a 200-day moving average of $31.03. The company’s market cap is $1.862 billion.
Diebold (NYSE:DBD) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01. The company had revenue of $707.11 million for the quarter, compared to the consensus estimate of $690.95 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts expect that Diebold will post $1.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.29 per share. This represents a $1.15 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Wednesday, November 13th.
Diebold, Incorporated is engaged in providing integrated self-service delivery and security systems and services to the financial, commercial, government and retail markets.
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