Diebold, Incorporated (DBD) Stock Rating Upgraded by J P Morgan Chase & Co
J P Morgan Chase & Co upgraded shares of Diebold, Incorporated (NYSE:DBD) from a neutral rating to an overweight rating in a report issued on Thursday morning, MarketBeat reports. J P Morgan Chase & Co currently has $24.00 target price on the technology company’s stock.
DBD has been the subject of several other research reports. Imperial Capital set a $24.00 price objective on Diebold, and gave the company a hold rating in a research report on Tuesday, October 17th. BidaskClub lowered Diebold, from a sell rating to a strong sell rating in a research report on Saturday, August 5th. KeyCorp reaffirmed a hold rating on shares of Diebold, in a research report on Friday, October 20th. Zacks Investment Research lowered Diebold, from a hold rating to a strong sell rating in a research report on Thursday, October 19th. Finally, Credit Suisse Group reaffirmed an outperform rating on shares of Diebold, in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Diebold, has a consensus rating of Hold and an average target price of $26.75.
Diebold, (DBD) traded up $0.45 during mid-day trading on Thursday, hitting $18.30. 1,166,200 shares of the company’s stock traded hands, compared to its average volume of 1,046,626. The stock has a market capitalization of $1,380.00, a P/E ratio of 17.26 and a beta of 1.93. Diebold, has a 52-week low of $16.00 and a 52-week high of $31.85. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.47 and a quick ratio of 1.01.
Diebold, (NYSE:DBD) last issued its earnings results on Tuesday, October 31st. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.40. Diebold, had a negative net margin of 4.40% and a positive return on equity of 11.39%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business earned $0.34 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. equities analysts forecast that Diebold, will post 1.09 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.19%. Diebold,’s dividend payout ratio (DPR) is -14.87%.
In related news, Director Gale S. Fitzgerald acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average price of $18.14 per share, with a total value of $90,700.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Alan Kerr acquired 2,750 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were bought at an average cost of $18.28 per share, for a total transaction of $50,270.00. The disclosure for this purchase can be found here. Corporate insiders own 1.37% of the company’s stock.
Large investors have recently made changes to their positions in the company. Zions Bancorporation purchased a new position in shares of Diebold, in the third quarter worth about $114,000. Creative Planning raised its stake in shares of Diebold, by 2.3% in the second quarter. Creative Planning now owns 5,119 shares of the technology company’s stock worth $143,000 after purchasing an additional 116 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Diebold, by 18.5% in the second quarter. LS Investment Advisors LLC now owns 5,771 shares of the technology company’s stock worth $162,000 after purchasing an additional 899 shares during the last quarter. Westside Investment Management Inc. purchased a new position in shares of Diebold, in the second quarter worth about $167,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Diebold, 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 purchasing an additional 271 shares during the last quarter.
Diebold, 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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