Diebold Nixdorf (DBD) Price Target Cut to $19.00 by Analysts at JPMorgan Chase & Co.

Diebold Nixdorf (NYSE:DBD) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $21.00 to $19.00 in a research note issued on Wednesday. The brokerage presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 22.58% from the company’s current price.

Several other analysts have also issued reports on DBD. Imperial Capital set a $24.00 price target on Diebold Nixdorf and gave the company a “hold” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered Diebold Nixdorf from a “hold” rating to a “strong sell” rating in a report on Thursday, October 19th. KeyCorp reissued a “hold” rating on shares of Diebold Nixdorf in a report on Friday, October 20th. Lake Street Capital lowered Diebold Nixdorf from a “buy” rating to a “hold” rating and cut their price target for the company from $30.00 to $23.00 in a report on Tuesday, October 31st. Finally, DA Davidson initiated coverage on Diebold Nixdorf in a report on Wednesday, February 7th. They set a “neutral” rating and a $19.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Diebold Nixdorf presently has a consensus rating of “Hold” and an average target price of $20.80.

Diebold Nixdorf (NYSE:DBD) traded up $1.20 during trading hours on Wednesday, reaching $15.50. The company’s stock had a trading volume of 3,343,478 shares, compared to its average volume of 1,564,854. Diebold Nixdorf has a twelve month low of $12.90 and a twelve month high of $31.85. The company has a quick ratio of 1.01, a current ratio of 1.47 and a debt-to-equity ratio of 3.00. The company has a market capitalization of $1,080.00, a price-to-earnings ratio of -7.81, a PEG ratio of 3.48 and a beta of 2.07.

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

In other Diebold Nixdorf news, Director Gale S. Fitzgerald acquired 4,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was purchased at an average price 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 in the company, valued at approximately $863,834.22. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC boosted its stake in shares of Diebold Nixdorf by 2.3% in the second quarter. Virtu KCG Holdings LLC now owns 8,053 shares of the technology company’s stock worth $225,000 after acquiring an additional 180 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Diebold Nixdorf by 4.1% in the second quarter. Public Employees Retirement System of Ohio now owns 6,923 shares of the technology company’s stock worth $194,000 after acquiring an additional 271 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Diebold Nixdorf by 2.6% in the second quarter. Ameritas Investment Partners Inc. now owns 28,877 shares of the technology company’s stock worth $809,000 after acquiring an additional 726 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of Diebold Nixdorf by 7.0% in the second quarter. Thrivent Financial For Lutherans now owns 15,220 shares of the technology company’s stock worth $426,000 after acquiring an additional 1,000 shares during the period. Finally, Howe & Rusling Inc. boosted its stake in Diebold Nixdorf by 22.3% during the third quarter. Howe & Rusling Inc. now owns 18,290 shares of the technology company’s stock valued at $418,000 after buying an additional 3,341 shares during the last quarter.

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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)

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