Diebold Inc. (NYSE:DBD) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Monday. The firm currently has a $33.00 price target on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 30.59% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Diebold from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Wedbush reissued an “outperform” rating and set a $40.00 target price on shares of Diebold in a research note on Thursday, August 4th. Finally, Pacific Crest reissued a “sector weight” rating on shares of Diebold in a research note on Tuesday, July 5th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.50.
Diebold (NYSE:DBD) opened at 25.27 on Monday. The stock’s 50 day moving average is $26.93 and its 200-day moving average is $26.33. The firm has a market capitalization of $1.65 billion, a P/E ratio of 8.27 and a beta of 1.68. Diebold has a 1-year low of $22.84 and a 1-year high of $37.98.
Diebold (NYSE:DBD) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.23. The firm earned $580 million during the quarter, compared to the consensus estimate of $594.01 million. Diebold had a net margin of 8.57% and a return on equity of 19.56%. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share. Analysts forecast that Diebold will post $1.50 EPS for the current year.
A number of large investors have recently bought and sold shares of DBD. Fifth Third Bancorp increased its stake in Diebold by 19.5% in the second quarter. Fifth Third Bancorp now owns 5,410 shares of the company’s stock valued at $134,000 after buying an additional 884 shares during the period. Tower Research Capital LLC TRC increased its stake in Diebold by 2,289.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,926 shares of the company’s stock valued at $147,000 after buying an additional 5,678 shares during the period. Public Employees Retirement System of Ohio increased its stake in Diebold by 7.8% in the second quarter. Public Employees Retirement System of Ohio now owns 6,512 shares of the company’s stock valued at $162,000 after buying an additional 469 shares during the period. US Bancorp DE increased its stake in Diebold by 13.2% in the second quarter. US Bancorp DE now owns 7,843 shares of the company’s stock valued at $195,000 after buying an additional 915 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in Diebold by 4.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 6,849 shares of the company’s stock valued at $198,000 after buying an additional 268 shares during the period. 82.27% of the stock is owned by hedge funds and other institutional investors.
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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