Diebold Nixdorf (DBD) Earns Outperform Rating from Credit Suisse Group

Diebold Nixdorf (NYSE:DBD)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group in a research report issued on Wednesday. They presently have a $19.00 price target on the technology company’s stock, down from their prior price target of $25.00. Credit Suisse Group’s price objective points to a potential upside of 22.58% from the company’s current price.

DBD has been the subject of several other reports. JPMorgan Chase & Co. set a $21.00 price target on shares of Diebold Nixdorf and gave the company a “buy” rating in a report on Monday. DA Davidson initiated coverage on shares of Diebold Nixdorf in a research note on Wednesday, February 7th. They issued a “neutral” rating and a $19.00 target price for the company. Imperial Capital set a $24.00 target price on shares of Diebold Nixdorf and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research raised shares of Diebold Nixdorf from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Lake Street Capital downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating and dropped their target price for the stock from $30.00 to $23.00 in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $20.80.

Shares of Diebold Nixdorf (DBD) traded up $1.20 during mid-day trading on Wednesday, reaching $15.50. 3,343,478 shares of the company traded hands, compared to its average volume of 1,564,854. Diebold Nixdorf has a 12-month low of $12.90 and a 12-month high of $31.85. The company has a market cap of $1,080.00, a P/E ratio of -8.47, a P/E/G ratio of 3.48 and a beta of 2.07. 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 (NYSE:DBD) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.24 billion. During the same period last year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. equities research analysts predict that Diebold Nixdorf will post 1.09 earnings per share for the current year.

In related news, Director Gale S. Fitzgerald bought 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 owns 51,603 shares in the company, valued at approximately $863,834.22. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.

Several large investors have recently modified their holdings of the company. Virtu KCG Holdings LLC grew its position in shares of Diebold Nixdorf by 2.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 8,053 shares of the technology company’s stock worth $225,000 after buying an additional 180 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Diebold Nixdorf by 4.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,923 shares of the technology company’s stock worth $194,000 after buying an additional 271 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Diebold Nixdorf by 2.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 28,877 shares of the technology company’s stock worth $809,000 after buying an additional 726 shares during the period. Thrivent Financial For Lutherans grew its position in shares of Diebold Nixdorf by 7.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 15,220 shares of the technology company’s stock worth $426,000 after buying an additional 1,000 shares during the period. Finally, Howe & Rusling Inc. grew its position in shares of Diebold Nixdorf by 22.3% during the 3rd quarter. Howe & Rusling Inc. now owns 18,290 shares of the technology company’s stock worth $418,000 after buying an additional 3,341 shares during the period.

COPYRIGHT VIOLATION WARNING: This article was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2018/02/14/diebold-nixdorf-dbd-earns-outperform-rating-from-credit-suisse-group.html.

About Diebold Nixdorf

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)

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.

Leave a Reply