Diebold Inc. (DBD) Upgraded to Strong-Buy by Zacks Investment Research
Diebold Inc. (NYSE:DBD) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday. The brokerage currently has a $26.00 target price on the stock. Zacks Investment Research’s target price would indicate a potential upside of 14.79% from the stock’s previous close.
According to Zacks, “Diebold Incorporated develops, manufactures, sells and services automated teller machines, electronic and physical security systems, various products used to equip bank facilities, software and integrated systems for global financial and commercial markets. Sales of systems and equipment are made directly to customers by the company’s sales personnel and by manufacturer’s representatives and distributors. The sales/support organization works closely with customers and their consultants to analyze and fulfill the customers’ needs. “
A number of other brokerages have also issued reports on DBD. JPMorgan Chase & Co. assumed coverage on Diebold in a research note on Monday, August 15th. They issued a “neutral” rating and a $33.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Diebold in a research note on Thursday, August 4th. Finally, Pacific Crest reaffirmed a “hold” rating on shares of Diebold in a research note on Friday, September 23rd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $32.00.
Diebold (NYSE:DBD) traded down 2.79% during mid-day trading on Tuesday, hitting $22.65. 1,831,960 shares of the company were exchanged. Diebold has a 12 month low of $21.05 and a 12 month high of $35.23. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 19.66 and a beta of 1.88. The firm has a 50 day moving average price of $22.88 and a 200 day moving average price of $25.20.
Diebold (NYSE:DBD) last issued its quarterly earnings results on Tuesday, November 15th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Diebold had a return on equity of 14.62% and a net margin of 2.99%. The firm had revenue of $983.30 million for the quarter, compared to analyst estimates of $996.42 million. During the same period last year, the company earned $0.36 EPS. The firm’s quarterly revenue was up 66.8% on a year-over-year basis. Analysts anticipate that Diebold will post $1.28 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, November 16th. Diebold’s dividend payout ratio (DPR) is presently 29.85%.
A number of institutional investors have recently added to or reduced their stakes in DBD. GHP Investment Advisors Inc. raised its position in Diebold by 0.5% in the third quarter. GHP Investment Advisors Inc. now owns 9,386 shares of the company’s stock valued at $233,000 after buying an additional 50 shares during the period. PNC Financial Services Group Inc. raised its position in Diebold by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 30,896 shares of the company’s stock valued at $766,000 after buying an additional 78 shares during the period. State Treasurer State of Michigan raised its position in Diebold by 0.4% in the second quarter. State Treasurer State of Michigan now owns 26,130 shares of the company’s stock valued at $649,000 after buying an additional 100 shares during the period. Rothschild Investment Corp IL raised its position in Diebold by 1.0% in the third quarter. Rothschild Investment Corp IL now owns 19,715 shares of the company’s stock valued at $489,000 after buying an additional 200 shares during the period. Finally, Ameritas Investment Partners Inc. raised its position in Diebold by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 14,955 shares of the company’s stock valued at $371,000 after buying an additional 227 shares during the period. 90.93% of the stock is currently owned by hedge funds and other institutional investors.
Diebold Company Profile
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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