Diversey Holdings, Ltd. (NASDAQ:DSEY) Receives Consensus Recommendation of “Hold” from Analysts

Diversey Holdings, Ltd. (NASDAQ:DSEYGet Rating) has been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $12.56.

Several equities analysts recently weighed in on DSEY shares. The Goldman Sachs Group cut shares of Diversey from a “buy” rating to a “neutral” rating and cut their target price for the company from $20.00 to $12.00 in a research note on Monday, February 7th. Credit Suisse Group started coverage on shares of Diversey in a research report on Friday. They set a “buy” rating and a $12.00 price objective for the company. Barclays lowered their price objective on shares of Diversey from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Friday, March 11th. UBS Group lowered their price objective on shares of Diversey from $21.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, March 16th. Finally, Mizuho lowered their price objective on shares of Diversey from $19.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, March 10th.

Shares of NASDAQ DSEY opened at $9.27 on Tuesday. The firm has a fifty day moving average price of $7.91 and a 200-day moving average price of $10.60. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.24 and a quick ratio of 0.84. The stock has a market cap of $3.01 billion, a PE ratio of -25.05 and a beta of 1.16. Diversey has a 1 year low of $6.89 and a 1 year high of $18.61.

Diversey (NASDAQ:DSEYGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $660.00 million for the quarter, compared to analysts’ expectations of $632.63 million. Diversey had a negative net margin of 4.46% and a positive return on equity of 19.16%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. On average, research analysts expect that Diversey will post 0.47 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its position in Diversey by 61.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,850,840 shares of the company’s stock valued at $67,001,000 after purchasing an additional 3,380,133 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Diversey during the 4th quarter valued at about $41,660,000. JPMorgan Chase & Co. increased its position in Diversey by 130.7% during the 4th quarter. JPMorgan Chase & Co. now owns 5,163,302 shares of the company’s stock valued at $68,724,000 after purchasing an additional 2,925,000 shares during the period. Ensign Peak Advisors Inc increased its position in Diversey by 491.4% during the 1st quarter. Ensign Peak Advisors Inc now owns 2,544,905 shares of the company’s stock valued at $19,265,000 after purchasing an additional 2,114,584 shares during the period. Finally, Capital World Investors increased its position in Diversey by 79.0% during the 3rd quarter. Capital World Investors now owns 4,199,000 shares of the company’s stock valued at $67,352,000 after purchasing an additional 1,853,542 shares during the period. 97.69% of the stock is currently owned by institutional investors.

Diversey Company Profile (Get Rating)

Diversey Holdings, Ltd., through its subsidiaries, provides infection prevention and cleaning solutions worldwide. It operates in two segments, Institutional, and Food & Beverage. The Institutional segment offers products, solutions, equipment, and machines, including infection prevention and personal care products, floor and building care chemicals, kitchen and mechanical ware wash chemicals and machines, dosing and dispensing equipment, and floor care machines, as well as engineering, consulting, and training services related to productivity management, water and energy management, and risk management.

Further Reading

Analyst Recommendations for Diversey (NASDAQ:DSEY)

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