Diebold Nixdorf (NYSE:DBD) Stock Rating Reaffirmed as “Buy” by DA Davidson

Diebold Nixdorf (NYSE:DBD)‘s stock had its “buy” rating restated by DA Davidson in a research note issued on Thursday, Benzinga reports. They currently have a $80.00 price target on the technology company’s stock. DA Davidson‘s price target would indicate a potential upside of 45.48% from the company’s current price.

DBD has been the subject of several other research reports. Weiss Ratings cut Diebold Nixdorf from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Wedbush cut their price objective on shares of Diebold Nixdorf from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Wall Street Zen downgraded shares of Diebold Nixdorf from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Zacks Research lowered shares of Diebold Nixdorf from a “hold” rating to a “strong sell” rating in a research report on Friday, October 30th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Diebold Nixdorf has an average rating of “Hold” and an average price target of $85.00.

Diebold Nixdorf Trading Up 0.4%

Diebold Nixdorf stock opened at $54.99 on Thursday. The firm’s 50-day moving average is $63.01 and its 200-day moving average is $74.28. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.84 and a current ratio of 1.27. Diebold Nixdorf has a 1 year low of $52.87 and a 1 year high of $92.08. The company has a market cap of $1.85 billion, a P/E ratio of 8.93 and a beta of 1.25.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Wednesday, October 28th. The technology company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.31 by $0.03. The company had revenue of $990.90 million during the quarter, compared to analyst estimates of $971.70 million. Diebold Nixdorf had a return on equity of 21.53% and a net margin of 1.96%. On average, equities analysts expect that Diebold Nixdorf will post 4.66 earnings per share for the current year.

Diebold Nixdorf declared that its board has initiated a stock buyback plan on Wednesday, October 28th that authorizes the company to buy back $250 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 12.7% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Diebold Nixdorf

Several large investors have recently modified their holdings of the stock. Fortitude Family Office LLC acquired a new stake in Diebold Nixdorf during the 3rd quarter worth about $28,000. Public Employees Retirement System of Ohio acquired a new position in shares of Diebold Nixdorf in the second quarter worth about $33,000. Farther Finance Advisors LLC increased its position in shares of Diebold Nixdorf by 202.9% in the third quarter. Farther Finance Advisors LLC now owns 733 shares of the technology company’s stock worth $45,000 after acquiring an additional 491 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Diebold Nixdorf in the second quarter worth approximately $56,000. Finally, Covestor Ltd raised its holdings in shares of Diebold Nixdorf by 38.4% during the third quarter. Covestor Ltd now owns 980 shares of the technology company’s stock valued at $60,000 after acquiring an additional 272 shares during the period. 97.04% of the stock is 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.