Diebold Nixdorf (NYSE:DBD) PT Lowered to $7.00 at DA Davidson

Diebold Nixdorf (NYSE:DBDGet Rating) had its target price decreased by stock analysts at DA Davidson from $15.00 to $7.00 in a report issued on Wednesday, The Fly reports. DA Davidson’s price objective indicates a potential upside of 48.31% from the stock’s previous close.

Other research analysts have also issued reports about the company. StockNews.com assumed coverage on Diebold Nixdorf in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research lowered Diebold Nixdorf from a “hold” rating to a “sell” rating in a report on Wednesday, April 13th. Finally, Wedbush reaffirmed a “neutral” rating and set a $10.00 target price on shares of Diebold Nixdorf in a report on Wednesday, January 19th.

Shares of NYSE DBD opened at $4.72 on Wednesday. Diebold Nixdorf has a 1-year low of $4.71 and a 1-year high of $15.64. The business’s fifty day moving average price is $6.92 and its two-hundred day moving average price is $8.45. The firm has a market capitalization of $372.54 million, a PE ratio of -4.67 and a beta of 2.91.

Diebold Nixdorf (NYSE:DBDGet Rating) last issued its earnings results on Thursday, February 10th. The technology company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.52). Diebold Nixdorf had a negative return on equity of 7.51% and a negative net margin of 2.02%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business earned $0.44 earnings per share. Diebold Nixdorf’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities research analysts predict that Diebold Nixdorf will post 1.81 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP grew its holdings in Diebold Nixdorf by 6.8% during the fourth quarter. GSA Capital Partners LLP now owns 23,721 shares of the technology company’s stock worth $215,000 after acquiring an additional 1,516 shares during the period. Huntington National Bank boosted its position in shares of Diebold Nixdorf by 56.0% in the 4th quarter. Huntington National Bank now owns 5,850 shares of the technology company’s stock valued at $53,000 after purchasing an additional 2,100 shares during the period. Metropolitan Life Insurance Co NY boosted its position in shares of Diebold Nixdorf by 13.5% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 17,702 shares of the technology company’s stock valued at $179,000 after purchasing an additional 2,112 shares during the period. Royal Bank of Canada boosted its position in shares of Diebold Nixdorf by 41.5% in the 3rd quarter. Royal Bank of Canada now owns 7,677 shares of the technology company’s stock valued at $78,000 after purchasing an additional 2,251 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Diebold Nixdorf by 2.4% in the 3rd quarter. California State Teachers Retirement System now owns 101,400 shares of the technology company’s stock valued at $1,025,000 after purchasing an additional 2,378 shares during the period. 83.11% of the stock is currently owned by hedge funds and other institutional investors.

About Diebold Nixdorf (Get Rating)

Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in Western Europe, Eastern Europe, Asia, the Middle East, Africa, the United States, Canada, Mexico, and Latin America. It operates through Eurasia Banking, Americas Banking, and Retail segments.

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