Diebold Nixdorf (DBD) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of Diebold Nixdorf (NYSE:DBD) from a hold rating to a sell rating in a research note released on Monday.

According to Zacks, “Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions. It provides automatic teller machines, financial and point of sale services. The Company offers electronic card systems, monitoring software, fraud control, retail cash cycle management and electronic shelf labeling services. Diebold Nixdorf Incorporated, formerly known as Diebold Inc. is based in Ohio, United States. “

DBD has been the topic of several other reports. JPMorgan Chase & Co. lowered shares of Diebold Nixdorf from a neutral rating to an underweight rating and set a $7.00 price target on the stock. in a report on Monday, August 6th. ValuEngine lowered shares of Diebold Nixdorf from a sell rating to a strong sell rating in a report on Friday, September 7th. TheStreet lowered shares of Diebold Nixdorf from a c- rating to a d+ rating in a report on Thursday, July 5th. Northcoast Research lowered shares of Diebold Nixdorf from a buy rating to a neutral rating in a report on Wednesday, July 25th. Finally, Credit Suisse Group reduced their target price on shares of Diebold Nixdorf from $15.00 to $6.00 and set a neutral rating on the stock in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $14.80.

Shares of Diebold Nixdorf stock opened at $4.43 on Monday. The company has a market cap of $342.42 million, a P/E ratio of 3.92 and a beta of 1.72. The company has a debt-to-equity ratio of 6.96, a quick ratio of 0.89 and a current ratio of 1.39. Diebold Nixdorf has a 1 year low of $3.55 and a 1 year high of $23.25.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. Diebold Nixdorf had a negative net margin of 7.77% and a positive return on equity of 10.58%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. Equities research analysts forecast that Diebold Nixdorf will post -0.07 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Diebold Nixdorf by 33.6% during the 2nd quarter. BlackRock Inc. now owns 10,565,225 shares of the technology company’s stock worth $126,253,000 after acquiring an additional 2,657,302 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Diebold Nixdorf by 47.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,872,715 shares of the technology company’s stock worth $70,179,000 after acquiring an additional 1,881,618 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Diebold Nixdorf by 21.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,420,967 shares of the technology company’s stock worth $40,881,000 after acquiring an additional 596,366 shares during the last quarter. Gabelli Funds LLC grew its holdings in Diebold Nixdorf by 43.8% during the 2nd quarter. Gabelli Funds LLC now owns 2,287,990 shares of the technology company’s stock worth $27,341,000 after acquiring an additional 697,000 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Diebold Nixdorf by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 1,864,266 shares of the technology company’s stock worth $22,278,000 after acquiring an additional 9,645 shares during the last quarter.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates in three segments: Services, Software, and Systems. The Services segment provides product-related services, such as first and second line maintenance, preventive maintenance, and on-demand services; and managed and outsourcing services, including store lifecycle management, self-service fleet management, branch lifecycle management, automated teller machine (ATM) as-a-service, and managed mobility services, as well as cash management services.

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