Diebold Inc. (NYSE:DBD) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Diebold Inc. (NYSE:DBD) have received an average recommendation of “Hold” from the seven research firms that are covering the firm. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $34.00.
Several brokerages have issued reports on DBD. Zacks Investment Research upgraded Diebold from a “sell” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, July 5th. Wedbush reiterated an “outperform” rating and issued a $40.00 price objective on shares of Diebold in a research report on Thursday, August 4th. JPMorgan Chase & Co. began coverage on Diebold in a research report on Monday, August 15th. They issued a “neutral” rating and a $33.00 price objective for the company. Finally, Pacific Crest reiterated a “sector weight” rating on shares of Diebold in a research report on Tuesday, July 5th.
Diebold (NYSE:DBD) traded down 0.37% during trading on Wednesday, hitting $23.96. The company had a trading volume of 253,176 shares. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 7.84 and a beta of 1.68. The firm has a 50-day moving average of $27.28 and a 200 day moving average of $26.35. Diebold has a 12-month low of $22.84 and a 12-month high of $37.98.
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Diebold (NYSE:DBD) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.23. The business had revenue of $580 million for the quarter, compared to analyst estimates of $594.01 million. Diebold had a return on equity of 19.56% and a net margin of 8.57%. Diebold’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, equities research analysts forecast that Diebold will post $1.25 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in Diebold during the second quarter worth $34,092,000. Emerald Acquisition Ltd. purchased a new stake in Diebold during the second quarter worth $28,000,000. Renaissance Technologies LLC increased its stake in Diebold by 634.6% in the first quarter. Renaissance Technologies LLC now owns 437,800 shares of the company’s stock worth $12,657,000 after buying an additional 378,200 shares during the last quarter. Royal Bank of Canada increased its stake in Diebold by 27.9% in the first quarter. Royal Bank of Canada now owns 935,235 shares of the company’s stock worth $27,037,000 after buying an additional 204,072 shares during the last quarter. Finally, Tocqueville Asset Management L.P. increased its stake in Diebold by 52.1% in the second quarter. Tocqueville Asset Management L.P. now owns 539,883 shares of the company’s stock worth $13,405,000 after buying an additional 184,885 shares during the last quarter. Institutional investors own 82.27% of the company’s stock.
Diebold, Incorporated is engaged in the business of financial self-service (FSS) and security solutions. The Company’s segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). It offers an integrated line of self-service solutions and technology, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals and software.
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