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

Posted by Defense World Staff on May 9th, 2023

Diversey Holdings, Ltd. (NASDAQ:DSEY – Get Rating) has earned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7.81.

Several research analysts recently weighed in on DSEY shares. UBS Group lowered Diversey from a “buy” rating to a “neutral” rating and dropped their price target for the company from $8.50 to $8.40 in a research report on Wednesday, April 5th. Credit Suisse Group downgraded Diversey from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $9.00 to $8.40 in a research note on Monday, March 13th. Royal Bank of Canada boosted their target price on Diversey from $6.00 to $8.40 and gave the company a “sector perform” rating in a research note on Thursday, March 9th. Robert W. Baird lowered Diversey from an “outperform” rating to a “neutral” rating in a report on Monday, March 20th. Finally, BMO Capital Markets increased their price objective on Diversey from $5.80 to $8.40 and gave the company a “market perform” rating in a report on Thursday, March 9th.

Diversey Trading Up 0.6 %

Shares of DSEY stock opened at $8.27 on Tuesday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.85 and a current ratio of 1.21. Diversey has a 1 year low of $3.95 and a 1 year high of $10.68. The stock has a fifty day moving average of $7.87 and a two-hundred day moving average of $6.16. The firm has a market capitalization of $2.68 billion, a PE ratio of -14.26 and a beta of 2.15.

Diversey (NASDAQ:DSEY – Get Rating) last posted its quarterly earnings data on Friday, March 17th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Diversey had a positive return on equity of 12.25% and a negative net margin of 6.56%. The firm had revenue of $701.60 million during the quarter, compared to the consensus estimate of $695.41 million. During the same period in the prior year, the firm posted ($0.11) EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, research analysts expect that Diversey will post 0.41 EPS for the current year.

Institutional Investors Weigh In On Diversey

A number of institutional investors have recently made changes to their positions in the stock. Frontier Capital Management Co. LLC lifted its holdings in shares of Diversey by 144.7% in the third quarter. Frontier Capital Management Co. LLC now owns 4,577,357 shares of the company’s stock valued at $22,246,000 after purchasing an additional 2,706,850 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in Diversey by 491.4% during the first quarter. Ensign Peak Advisors Inc now owns 2,544,905 shares of the company’s stock worth $19,265,000 after acquiring an additional 2,114,584 shares in the last quarter. Millennium Management LLC increased its position in Diversey by 251.3% during the second quarter. Millennium Management LLC now owns 1,578,797 shares of the company’s stock worth $10,420,000 after buying an additional 1,129,398 shares during the last quarter. Robeco Schweiz AG increased its position in Diversey by 55.4% during the first quarter. Robeco Schweiz AG now owns 2,667,401 shares of the company’s stock worth $20,192,000 after buying an additional 951,084 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in Diversey during the first quarter worth approximately $7,281,000. 94.64% of the stock is owned by institutional investors and hedge funds.

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.