DA Davidson Reaffirms “Buy” Rating for Diebold Nixdorf (NYSE:DBD)

Diebold Nixdorf (NYSE:DBD)‘s stock had its “buy” rating reaffirmed by equities researchers at DA Davidson in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $80.00 target price on the technology company’s stock. DA Davidson‘s price target points to a potential upside of 43.54% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of Diebold Nixdorf from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Wall Street Zen cut shares of Diebold Nixdorf from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 1st. Wedbush lowered their price target on shares of Diebold Nixdorf from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, October 29th. Finally, Zacks Research cut shares of Diebold Nixdorf from a “hold” rating to a “strong sell” rating in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.00.

Diebold Nixdorf Price Performance

Shares of Diebold Nixdorf stock traded down $1.30 during trading on Thursday, reaching $55.73. The company’s stock had a trading volume of 128,386 shares, compared to its average volume of 332,498. The stock has a 50-day moving average price of $63.53 and a two-hundred day moving average price of $74.42. The company has a current ratio of 1.27, a quick ratio of 0.84 and a debt-to-equity ratio of 1.01. Diebold Nixdorf has a one year low of $52.87 and a one year high of $92.08. The stock has a market capitalization of $1.87 billion, a P/E ratio of 26.04 and a beta of 1.25.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. Diebold Nixdorf had a net margin of 1.96% and a return on equity of 21.53%. The firm had revenue of $990.90 million for the quarter, compared to analyst estimates of $971.70 million. As a group, sell-side analysts anticipate that Diebold Nixdorf will post 4.66 EPS for the current fiscal year.

Diebold Nixdorf announced that its board has authorized a stock buyback program on Wednesday, October 28th that permits the company to buy back $250 million in shares. This repurchase authorization permits the technology company to buy up to 12.7% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DBD. First Trust Advisors LP grew its stake in Diebold Nixdorf by 13.2% in the third quarter. First Trust Advisors LP now owns 27,662 shares of the technology company’s stock valued at $1,693,000 after acquiring an additional 3,223 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Diebold Nixdorf by 19.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,832 shares of the technology company’s stock valued at $357,000 after purchasing an additional 939 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Diebold Nixdorf by 89.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 224,880 shares of the technology company’s stock valued at $14,599,000 after purchasing an additional 105,866 shares in the last quarter. Impax Asset Management Group plc acquired a new position in shares of Diebold Nixdorf in the 3rd quarter valued at approximately $7,346,000. Finally, Edgestream Partners L.P. acquired a new position in shares of Diebold Nixdorf in the 3rd quarter valued at approximately $302,000. 97.04% of the stock is currently owned by institutional investors.

Diebold Nixdorf Company Profile

Diebold Nixdorf is a global technology company that provides products and services to banks and retailers. Its offerings include ATMs and other self-service banking systems, payment and point-of-sale technology, self-checkout systems, and software for managing transactions and business operations. The company also provides installation, maintenance, managed services, and technology support to help customers operate and update their systems. Its customers include financial institutions and retailers across markets worldwide.