Diebold Nixdorf (DBD) Price Target Cut to $19.00 by Analysts at JPMorgan Chase & Co.
Diebold Nixdorf (NYSE:DBD) had its price objective lowered by JPMorgan Chase & Co. from $21.00 to $19.00 in a report published on Wednesday. The firm currently has an overweight rating on the technology company’s stock.
Other equities research analysts have also issued reports about the company. Credit Suisse Group restated an outperform rating and set a $19.00 price target (down from $25.00) on shares of Diebold Nixdorf in a research report on Wednesday. KeyCorp restated a hold rating on shares of Diebold Nixdorf in a research report on Friday, October 20th. Zacks Investment Research downgraded Diebold Nixdorf from a hold rating to a strong sell rating in a report on Thursday, October 19th. Imperial Capital reaffirmed a hold rating on shares of Diebold Nixdorf in a report on Wednesday, December 13th. Finally, Lake Street Capital downgraded Diebold Nixdorf from a buy rating to a hold rating and reduced their price objective for the stock from $30.00 to $23.00 in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $20.80.
Diebold Nixdorf (NYSE:DBD) traded up $0.15 during midday trading on Wednesday, reaching $15.65. The company had a trading volume of 216,767 shares, compared to its average volume of 1,517,094. The company has a market cap of $1,080.14, a price-to-earnings ratio of -5.02, a PEG ratio of 3.85 and a beta of 2.07. Diebold Nixdorf has a 1-year low of $12.90 and a 1-year high of $31.85. The company has a debt-to-equity ratio of 3.53, a quick ratio of 1.01 and a current ratio of 1.39.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, February 23rd. Diebold Nixdorf’s dividend payout ratio is -12.94%.
In other news, Director Gale S. Fitzgerald acquired 4,000 shares of Diebold Nixdorf stock in a transaction on Friday, December 15th. The shares were purchased at an average price of $16.74 per share, with a total value of $66,960.00. Following the acquisition, the director now owns 51,603 shares in the company, valued at $863,834.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.37% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Virtu KCG Holdings LLC lifted its stake in shares of Diebold Nixdorf by 2.3% in the 2nd quarter. Virtu KCG Holdings LLC now owns 8,053 shares of the technology company’s stock valued at $225,000 after purchasing an additional 180 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Diebold Nixdorf by 4.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,923 shares of the technology company’s stock valued at $194,000 after purchasing an additional 271 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Diebold Nixdorf by 2.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 28,877 shares of the technology company’s stock valued at $809,000 after purchasing an additional 726 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Diebold Nixdorf by 7.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 15,220 shares of the technology company’s stock valued at $426,000 after purchasing an additional 1,000 shares during the period. Finally, Howe & Rusling Inc. lifted its stake in shares of Diebold Nixdorf by 22.3% in the 3rd quarter. Howe & Rusling Inc. now owns 18,290 shares of the technology company’s stock valued at $418,000 after purchasing an additional 3,341 shares during the period.
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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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