Lake Street Capital Upgrades Diebold Nixdorf (DBD) to Buy
Diebold Nixdorf (NYSE:DBD) was upgraded by stock analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $23.00 target price on the technology company’s stock. Lake Street Capital’s price target indicates a potential upside of 48.39% from the stock’s previous close.
DBD has been the topic of a number of other reports. Imperial Capital reaffirmed a “hold” rating on shares of Diebold Nixdorf in a research note on Wednesday, December 13th. JPMorgan Chase & Co. raised shares of Diebold Nixdorf from a “neutral” rating to an “overweight” rating in a research note on Friday, November 24th. Zacks Investment Research lowered shares of Diebold Nixdorf from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. DA Davidson assumed coverage on shares of Diebold Nixdorf in a research report on Wednesday, February 7th. They set a “neutral” rating and a $19.00 price target on the stock. Finally, KeyCorp reissued a “hold” rating on shares of Diebold Nixdorf in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Diebold Nixdorf presently has an average rating of “Hold” and a consensus price target of $20.80.
Diebold Nixdorf (DBD) opened at $15.50 on Tuesday. Diebold Nixdorf has a 12 month low of $12.90 and a 12 month high of $31.85. The firm has a market cap of $1,080.00, a price-to-earnings ratio of -8.47, a price-to-earnings-growth 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.
In other news, Director Gale S. Fitzgerald purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average cost of $16.74 per share, with a total value of $66,960.00. Following the completion of the transaction, the director now directly owns 51,603 shares of the company’s stock, valued at $863,834.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation bought a new position in shares of Diebold Nixdorf during the third quarter valued at about $114,000. Assetmark Inc. lifted its position in shares of Diebold Nixdorf by 185.8% during the fourth quarter. Assetmark Inc. now owns 6,801 shares of the technology company’s stock valued at $111,000 after purchasing an additional 4,421 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Diebold Nixdorf during the fourth quarter worth about $113,000. Public Employees Retirement System of Ohio increased its holdings in Diebold Nixdorf by 4.1% during the second 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 last quarter. Finally, CENTRAL TRUST Co purchased a new stake in Diebold Nixdorf during the fourth quarter worth about $128,000.
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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.
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