Diebold Inc. (DBD) Upgraded to Strong-Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of Diebold Inc. (NYSE:DBD) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning. Zacks Investment Research currently has $26.00 target price on the stock.
According to Zacks, “Diebold Incorporated develops, manufactures, sells and services automated teller machines, electronic and physical security systems, various products used to equip bank facilities, software and integrated systems for global financial and commercial markets. Sales of systems and equipment are made directly to customers by the company’s sales personnel and by manufacturer’s representatives and distributors. The sales/support organization works closely with customers and their consultants to analyze and fulfill the customers’ needs. “
A number of other equities research analysts have also recently weighed in on DBD. Wedbush restated an outperform rating and issued a $40.00 price objective on shares of Diebold in a report on Thursday, August 4th. JPMorgan Chase & Co. started coverage on shares of Diebold in a report on Monday, August 15th. They issued a neutral rating and a $33.00 price objective on the stock. Finally, Pacific Crest restated a hold rating on shares of Diebold in a report on Friday, September 23rd. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Diebold currently has a consensus rating of Buy and an average price target of $32.00.
Diebold (NYSE:DBD) opened at 22.65 on Tuesday. The company has a market cap of $1.70 billion, a PE ratio of 19.66 and a beta of 1.88. Diebold has a 52-week low of $21.05 and a 52-week high of $35.23. The firm’s 50 day moving average is $22.88 and its 200 day moving average is $25.20.
Diebold (NYSE:DBD) last announced its quarterly earnings data on Tuesday, November 15th. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. The business had revenue of $983.30 million for the quarter, compared to analysts’ expectations of $996.42 million. Diebold had a net margin of 2.99% and a return on equity of 14.62%. The business’s revenue was up 66.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. Analysts forecast that Diebold will post $1.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 18th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Wednesday, November 16th. Diebold’s payout ratio is 29.85%.
Large investors have recently bought and sold shares of the stock. Tocqueville Asset Management L.P. boosted its stake in shares of Diebold by 52.1% in the second quarter. Tocqueville Asset Management L.P. now owns 539,883 shares of the company’s stock valued at $13,405,000 after buying an additional 184,885 shares in the last quarter. Randolph Co Inc increased its position in Diebold by 344.7% in the third quarter. Randolph Co Inc now owns 309,500 shares of the company’s stock valued at $7,673,000 after buying an additional 239,900 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Diebold by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 30,896 shares of the company’s stock valued at $766,000 after buying an additional 78 shares during the last quarter. Alpine Partners VI LLC acquired a new position in Diebold during the second quarter valued at $485,000. Finally, BlackRock Advisors LLC increased its position in Diebold by 110.4% in the second quarter. BlackRock Advisors LLC now owns 339,574 shares of the company’s stock valued at $8,432,000 after buying an additional 178,175 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.
Diebold, Incorporated is engaged in the business of financial self-service (FSS) and security solutions. The Company’s segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). It offers an integrated line of self-service solutions and technology, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals and software.
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