Diebold Nixdorf's (DBD) "Buy" Rating Reiterated at DA Davidson

Key Points

• DA Davidson reaffirmed its Buy rating on Diebold Nixdorf and set an $80 price target, implying 43.54% upside from the prior close.
• Analyst views are mixed: MarketBeat reports a consensus Hold rating and an average $85 target, with two Buy, one Hold, and one Sell rating.
• The company beat quarterly earnings and revenue estimates and authorized a $250 million share repurchase program, allowing buybacks of up to 12.7% of shares.

Diebold Nixdorf (NYSE:DBD - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts 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 indicates a potential upside of 43.54% from the stock's previous close.

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

Diebold Nixdorf Stock Performance

Diebold Nixdorf stock traded down $1.30 on Thursday, hitting $55.73. The company's stock had a trading volume of 128,386 shares, compared to its average volume of 332,498. Diebold Nixdorf has a one year low of $52.87 and a one year high of $92.08. The firm has a market cap of $1.87 billion, a P/E ratio of 26.04 and a beta of 1.25. The company has a quick ratio of 0.84, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average price of $63.53 and a 200-day moving average price of $74.42.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last released 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 company had revenue of $990.90 million during the quarter, compared to the consensus estimate of $971.70 million. On average, equities analysts anticipate that Diebold Nixdorf will post 4.66 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors has authorized a stock buyback program on Wednesday, October 28th that permits the company to buy back $250 million in shares. This buyback authorization permits the technology company to repurchase up to 12.7% of its shares through open market purchases. Share buyback programs are often a sign that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in shares of Diebold Nixdorf in the second quarter valued at approximately $33,000. Fortitude Family Office LLC bought a new stake in Diebold Nixdorf during the 3rd quarter worth approximately $28,000. Integrated Wealth Concepts LLC bought a new stake in Diebold Nixdorf during the 2nd quarter worth approximately $56,000. Farther Finance Advisors LLC increased its holdings in Diebold Nixdorf by 202.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 733 shares of the technology company's stock valued at $45,000 after purchasing an additional 491 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Diebold Nixdorf by 56.7% during the 2nd quarter. GAMMA Investing LLC now owns 735 shares of the technology company's stock valued at $62,000 after purchasing an additional 266 shares in the last quarter. Institutional investors own 97.04% of the company's stock.

About Diebold Nixdorf

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.

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