JPMorgan Chase & Co. Reiterates “$21.00” Price Target for Diebold Nixdorf (DBD)

Diebold Nixdorf (NYSE:DBD) has been assigned a $21.00 target price by JPMorgan Chase & Co. in a research note issued on Monday. The firm presently has a “buy” rating on the technology company’s stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 44.33% from the company’s current price.

A number of other research firms have also weighed in on DBD. Imperial Capital set a $24.00 target price on shares of Diebold Nixdorf and gave the stock a “hold” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered shares of Diebold Nixdorf from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. KeyCorp reiterated a “hold” rating on shares of Diebold Nixdorf in a research note on Friday, October 20th. DA Davidson assumed coverage on shares of Diebold Nixdorf in a research note on Wednesday, February 7th. They issued a “neutral” rating and a $19.00 price objective for the company. Finally, Lake Street Capital lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating and decreased their price objective for the company from $30.00 to $23.00 in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.60.

Diebold Nixdorf (NYSE DBD) traded down $0.15 on Monday, hitting $14.55. 2,733,243 shares of the company were exchanged, compared to its average volume of 1,395,807. The company has a quick ratio of 1.01, a current ratio of 1.47 and a debt-to-equity ratio of 3.00. Diebold Nixdorf has a 12 month low of $14.30 and a 12 month high of $31.85. The firm has a market cap of $1,100.00, a price-to-earnings ratio of -5.41, a PEG ratio of 3.52 and a beta of 2.07.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Tuesday, October 31st. The technology company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.40. Diebold Nixdorf had a negative net margin of 4.40% and a positive return on equity of 11.39%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. sell-side analysts predict that Diebold Nixdorf will post 1.09 earnings per share for the current fiscal year.

In other news, Director Gale S. Fitzgerald acquired 4,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was purchased at an average price of $16.74 per share, for a total transaction of $66,960.00. Following the purchase, the director now owns 51,603 shares in the company, valued at approximately $863,834.22. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.37% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Neuberger Berman Group LLC increased its stake in shares of Diebold Nixdorf by 1,648.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 655,605 shares of the technology company’s stock worth $14,981,000 after purchasing an additional 618,105 shares during the last quarter. BBR Partners LLC purchased a new stake in shares of Diebold Nixdorf during the 3rd quarter worth approximately $256,000. Atlantic Investment Management Inc. increased its stake in shares of Diebold Nixdorf by 8.0% during the 3rd quarter. Atlantic Investment Management Inc. now owns 6,481,819 shares of the technology company’s stock worth $148,110,000 after purchasing an additional 481,819 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Diebold Nixdorf by 11.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 553,736 shares of the technology company’s stock worth $12,653,000 after purchasing an additional 56,957 shares during the last quarter. Finally, Pzena Investment Management LLC purchased a new stake in shares of Diebold Nixdorf during the 3rd quarter worth approximately $42,254,000.

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Diebold Nixdorf Company Profile

Diebold Nixdorf, Incorporated provides connected commerce services, software and technology. The Company’s geographic segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). These segments sell and service financial self-service (FSS), retail solutions and security systems.

Analyst Recommendations for Diebold Nixdorf (NYSE:DBD)

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