Diversey Holdings, Ltd. (NASDAQ:DSEY) Given Average Rating of “Hold” by Brokerages

Diversey Holdings, Ltd. (NASDAQ:DSEY – Get Rating) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $11.33.

Several equities research analysts have weighed in on the company. Royal Bank of Canada downgraded Diversey from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $11.00 to $9.00 in a report on Friday, March 25th. Credit Suisse Group began coverage on Diversey in a research report on Friday, May 20th. They set a “buy” rating and a $12.00 price objective for the company. Barclays lowered their price objective on 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 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 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 $7.79 on Friday. The stock’s 50-day moving average is $8.64 and its two-hundred day moving average is $9.99. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.24 and a quick ratio of 0.84. Diversey has a 1-year low of $6.89 and a 1-year high of $18.39. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -21.05 and a beta of 1.12.

Diversey (NASDAQ:DSEY – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). Diversey had a positive return on equity of 19.16% and a negative net margin of 4.46%. The company had revenue of $660.00 million for the quarter, compared to analysts’ expectations of $632.63 million. During the same quarter last year, the company earned $0.11 EPS. Diversey’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Diversey will post 0.47 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of Diversey by 280.2% in the 1st quarter. Bank of America Corp DE now owns 217,501 shares of the company’s stock valued at $1,647,000 after purchasing an additional 160,292 shares during the period. Jane Street Group LLC acquired a new stake in shares of Diversey in the 1st quarter valued at about $2,807,000. Ensign Peak Advisors Inc boosted its position in shares of Diversey by 491.4% in 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. Goldman Sachs Group Inc. raised its stake in Diversey by 722.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 132,254 shares of the company’s stock valued at $1,001,000 after acquiring an additional 116,178 shares during the last quarter. Finally, State Street Corp raised its stake in Diversey by 7.6% during the 1st quarter. State Street Corp now owns 807,606 shares of the company’s stock valued at $6,114,000 after acquiring an additional 57,274 shares during the last quarter. 97.69% of the stock is owned by hedge funds and other institutional investors.

About Diversey (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.

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