Diversey (NASDAQ:DSEY) Lowered to “Neutral” at Credit Suisse Group

Credit Suisse Group downgraded shares of Diversey (NASDAQ:DSEY – Get Rating) from an outperform rating to a neutral rating in a report released on Monday, The Fly reports. They currently have $8.40 price objective on the stock, down from their previous price objective of $9.00.

Several other research firms have also recently commented on DSEY. Royal Bank of Canada upped their target price on shares of Diversey from $6.00 to $8.40 and gave the company a sector perform rating in a research note on Thursday, March 9th. The Goldman Sachs Group decreased their price objective on Diversey from $7.70 to $6.70 and set a neutral rating on the stock in a report on Tuesday, January 10th. BMO Capital Markets raised their target price on Diversey from $5.80 to $8.40 and gave the stock a market perform rating in a research report on Thursday, March 9th. Bank of America began coverage on shares of Diversey in a report on Wednesday, February 22nd. They issued an underperform rating and a $6.00 price target on the stock. Finally, Mizuho decreased their target price on shares of Diversey from $8.00 to $6.00 and set a neutral rating on the stock in a research report on Thursday, January 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $8.34.

Diversey Stock Performance

Shares of NASDAQ DSEY opened at $8.11 on Monday. Diversey has a 12 month low of $3.95 and a 12 month high of $10.68. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 2.96. The company has a market cap of $2.63 billion, a P/E ratio of -18.02 and a beta of 2.00. The business’s 50 day moving average is $5.84 and its two-hundred day moving average is $5.35.

Institutional Trading of Diversey

Several hedge funds have recently modified their holdings of DSEY. Point72 Middle East FZE acquired a new position in shares of Diversey in the 4th quarter worth approximately $28,000. Ellevest Inc. boosted its stake in Diversey by 429.4% in the third quarter. Ellevest Inc. now owns 7,110 shares of the company’s stock worth $35,000 after purchasing an additional 5,767 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Diversey by 110.7% during the first quarter. Citigroup Inc. now owns 8,929 shares of the company’s stock worth $67,000 after purchasing an additional 4,691 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Diversey in the second quarter valued at $62,000. Finally, ProShare Advisors LLC bought a new position in shares of Diversey in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 94.64% of the company’s stock.

About Diversey

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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.