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Imperial Capital Downgrades Diebold Nixdorf (NYSE:DBD) Rating to In-line from Outperform Having $30.0 TP

Imperial Capital Diebold Nixdorf NYSE:DBD

Diebold Nixdorf (NYSE:DBD) Downgrade of Rating

Imperial Capital has lowered Diebold Nixdorf (NYSE:DBD) stock to In-line in analysts report issued to clients and investors on 7 March, and has set an estimated 12-month target price per share at $30.0. DBD’s old rating was Outperform.

Despite the stock rating downgrade NYSE:DBD is at the moment trading 0.21% higher at $31.07 as of 10:07 PM New York time. Diebold Nixdorf’s stock is 0% over the past 200 days. It has underperformed the S&P 500 Index, which has gained 16.00% over the same time period.

Out of 5 analysts covering Diebold Nixdorf, 4 rate it a Buy, 2 indicate a Hold while 0 suggest a Sell. The highest target is $40 and the lowest is $32 according to Thomson/First Call. The 12-month mean target is $35.8, which means upside potential of 15.22% over the current price.

Institutional Ownership

Daruma Capital Management Llc had the largest stake with ownership of 1.88M shares as of q2 2015 for 2.84% of the stock exposure. Randolph Co Inc is another very bullish investment manager who is owning 309,500 shares of Diebold Nixdorf or 1.93% of their stock exposure. Also, Southernsun Asset Management Llc have 1.77% of their stock exposure invested in the company for 2.86M shares. The Florida-based fund Deprince Race & Zollo Inc revealed it had acquired a stake worth about 1.41% of the investment manager’s stock portfolio in Diebold Nixdorf. The Ohio-based fund Macnealy Hoover Investment Management Inc is also positive about the stock, possessing 2.69M shares or 1.29% of their stock exposure.

Diebold Nixdorf (NYSE:DBD) Profile

Diebold Nixdorf Inc., formerly 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.

Diebold Nixdorf (NYSE:DBD) traded up 0.21% on 7 March, hitting $31.07. A total of shares of the company’s stock traded hands. This is down from average of 1.19 million shares. Diebold Nixdorf has a 52 week low of $21.05 and a 52 week high of $31.85. The company has a market cap of $2.38 billion and a P/E ratio of 0.

Get the latest Diebold Nixdorf (NYSE:DBD) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Imperial Capital Downgrades Diebold Nixdorf (NYSE:DBD) Rating to In-line from Outperform Having $30.0 TP appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Imperial Capital Downgrades Diebold Nixdorf (NYSE:DBD) Rating to In-line from Outperform Having $30.0 TP


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