Diebold Nixdorf (DBD) Upgraded at Zacks Investment Research

Diebold Nixdorf (NYSE:DBD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.

According to Zacks, “Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions. It provides automatic teller machines, financial and point of sale services. The Company offers electronic card systems, monitoring software, fraud control, retail cash cycle management and electronic shelf labeling services. Diebold Nixdorf Incorporated, formerly known as Diebold Inc. is based in Ohio, United States. “

DBD has been the subject of a number of other research reports. ValuEngine upgraded shares of Diebold Nixdorf from a “strong sell” rating to a “sell” rating in a report on Thursday, August 9th. Credit Suisse Group decreased their price objective on shares of Diebold Nixdorf from $15.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 2nd. Northcoast Research cut shares of Diebold Nixdorf from a “buy” rating to a “neutral” rating in a report on Wednesday, July 25th. Finally, JPMorgan Chase & Co. cut shares of Diebold Nixdorf from a “neutral” rating to an “underweight” rating and set a $7.00 price objective for the company. in a report on Monday, August 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $12.50.

Shares of NYSE DBD opened at $4.72 on Monday. The company has a market cap of $323.40 million, a P/E ratio of 4.18 and a beta of 1.70. The company has a quick ratio of 1.01, a current ratio of 1.55 and a debt-to-equity ratio of 102.95. Diebold Nixdorf has a 52-week low of $3.42 and a 52-week high of $20.40.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data on Wednesday, October 31st. The technology company reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.49). The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Diebold Nixdorf had a negative net margin of 11.68% and a negative return on equity of 13.35%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. As a group, equities research analysts predict that Diebold Nixdorf will post -0.94 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in DBD. Brave Asset Management Inc. bought a new position in Diebold Nixdorf in the third quarter valued at approximately $128,000. Commonwealth Equity Services LLC bought a new position in Diebold Nixdorf in the second quarter valued at approximately $138,000. Creative Planning bought a new position in Diebold Nixdorf in the second quarter valued at approximately $143,000. Xact Kapitalforvaltning AB bought a new position in Diebold Nixdorf in the first quarter valued at approximately $176,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Diebold Nixdorf in the second quarter valued at approximately $192,000.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates in three segments: Services, Software, and Systems. The Services segment provides product-related services, such as first and second line maintenance, preventive maintenance, and on-demand services; and managed and outsourcing services, including store lifecycle management, self-service fleet management, branch lifecycle management, automated teller machine (ATM) as-a-service, and managed mobility services, as well as cash management services.

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