Diebold Nixdorf (DBD) Rating Increased to Buy at Lake Street Capital

Diebold Nixdorf (NYSE:DBD) was upgraded by investment analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a report issued on Tuesday, The Fly reports.

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 company 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 report on Monday, January 29th. JPMorgan Chase & Co. set a $21.00 target price on shares of Diebold Nixdorf and gave the company a “buy” rating in a report on Monday. KeyCorp reissued a “hold” rating on shares of Diebold Nixdorf in a report on Friday, October 20th. Finally, DA Davidson initiated coverage on shares of Diebold Nixdorf in a report on Wednesday, February 7th. They issued a “neutral” rating and a $19.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Diebold Nixdorf has a consensus rating of “Hold” and an average price target of $24.60.

Diebold Nixdorf (NYSE:DBD) traded down $0.25 during mid-day trading on Tuesday, hitting $14.30. 4,685,163 shares of the company were exchanged, compared to its average volume of 1,502,142. Diebold Nixdorf has a 1 year low of $12.90 and a 1 year high of $31.85. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.01 and a current ratio of 1.47. The stock has a market capitalization of $1,110.35, a price-to-earnings ratio of -5.23, a PEG ratio of 3.52 and a beta of 2.07.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Tuesday, February 13th. The technology company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Diebold Nixdorf had a negative net margin of 4.40% and a positive return on equity of 11.39%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm posted $0.32 earnings per share. Diebold Nixdorf’s revenue for the quarter was up .5% compared to the same quarter last year. research analysts anticipate that Diebold Nixdorf will post 1.09 EPS for the current fiscal year.

In other news, Director Gale S. Fitzgerald acquired 4,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was bought at an average cost of $16.74 per share, with a total value of $66,960.00. Following the completion of the purchase, the director now directly owns 51,603 shares of the company’s stock, valued at $863,834.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Investment Management Inc. boosted its stake in Diebold Nixdorf by 8.0% during the third quarter. Atlantic Investment Management Inc. now owns 6,481,819 shares of the technology company’s stock worth $148,110,000 after buying an additional 481,819 shares during the period. Vanguard Group Inc. grew its stake in Diebold Nixdorf by 3.1% in the second quarter. Vanguard Group Inc. now owns 5,965,441 shares of the technology company’s stock valued at $167,032,000 after purchasing an additional 180,009 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Diebold Nixdorf by 1.9% during the third quarter. Gamco Investors INC. ET AL now owns 3,893,233 shares of the technology company’s stock worth $88,960,000 after acquiring an additional 73,534 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of Diebold Nixdorf by 32.0% during the fourth quarter. Pzena Investment Management LLC now owns 2,440,289 shares of the technology company’s stock worth $39,899,000 after acquiring an additional 591,091 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Diebold Nixdorf by 6.8% during the second quarter. State Street Corp now owns 2,421,383 shares of the technology company’s stock worth $67,796,000 after acquiring an additional 154,032 shares during the last quarter.

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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.

The Fly

Analyst Recommendations for Diebold Nixdorf (NYSE:DBD)

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