The stock of Diebold Inc (NYSE:DBD) hit a new 52-week low and has $21.85 target or 6.00% below today’s $23.24 share price. The 6 months bearish chart indicates high risk for the $1.73B company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $21.85 price target is reached, the company will be worth $103.80 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 483,155 shares traded hands. Diebold Inc (NYSE:DBD) has declined 5.75% since March 10, 2016 and is downtrending. It has underperformed by 13.27% the S&P500.
Analysts await Diebold Inc (NYSE:DBD) to report earnings on November, 3. They expect $0.32 EPS, down 11.11% or $0.04 from last year’s $0.36 per share. DBD’s profit will be $23.82 million for 18.16 P/E if the $0.32 EPS becomes a reality. After $0.43 actual EPS reported by Diebold Inc for the previous quarter, Wall Street now forecasts -25.58% negative EPS growth.
Diebold Inc (NYSE:DBD) Ratings Coverage
Out of 4 analysts covering Diebold Inc (NYSE:DBD), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $44 is the highest target while $29 is the lowest. The $35 average target is 50.60% above today’s ($23.24) stock price. Diebold Inc has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was upgraded by Wedbush to “Outperform” on Friday, July 31. The stock has “Buy” rating given by Northcoast on Monday, January 25. As per Tuesday, May 3, the company rating was maintained by Imperial Capital. The stock of Diebold Inc (NYSE:DBD) has “Neutral” rating given on Monday, August 15 by JP Morgan. As per Monday, September 26, the company rating was upgraded by JP Morgan. Imperial Capital maintained it with “In-Line” rating and $35 target price in Wednesday, September 16 report. The stock of Diebold Inc (NYSE:DBD) earned “Outperform” rating by Wedbush on Thursday, February 4. The firm earned “Buy” rating on Tuesday, August 25 by TheStreet.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.22, from 1.21 in 2016Q1. The ratio is negative, as 30 funds sold all Diebold Inc shares owned while 66 reduced positions. 21 funds bought stakes while 74 increased positions. They now own 60.41 million shares or 3.77% less from 62.77 million shares in 2016Q1.
The Missouri-based Finance Counselors has invested 0.24% in Diebold Inc (NYSE:DBD). Macnealy Hoover Investment holds 1.33% or 66,655 shares in its portfolio. Focused Wealth Mngmt has invested 0% of its portfolio in Diebold Inc (NYSE:DBD). Amer International Group Incorporated Inc accumulated 0% or 158,420 shares. Dynamic Capital Ltd last reported 46,849 shares in the company. Southernsun Asset Ltd Liability holds 2.87M shares or 1.87% of its portfolio. Citigroup Inc holds 0% or 1,623 shares in its portfolio. Ghp Inv Advisors has 0.05% invested in the company for 9,336 shares. Parametric Portfolio Associates Lc accumulated 145,528 shares or 0.01% of the stock. Ladenburg Thalmann Service owns 8,640 shares or 0% of their US portfolio. Deprince Race & Zollo has 1.54% invested in the company for 3.07M shares. Da Davidson reported 8,038 shares or 0.01% of all its holdings. Country Club Na last reported 0.72% of its portfolio in the stock. Moreover, New York State Common Retirement Fund has 0% invested in Diebold Inc (NYSE:DBD) for 62,700 shares. Us Fincl Bank De has 7,843 shares for 0% of their US portfolio.
Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 1 insider sale for $84,816 net activity. COX PHILLIP R had sold 3,534 shares worth $84,816.
More important recent Diebold Inc (NYSE:DBD) news were published by: Cleveland.com which released: “Diebold Inc. lost $21.1 million in 2nd quarter of 2016, says Wincor Nixdorf …” on July 29, 2016, also Crainscleveland.com published article titled: “Diebold Inc. completes $1.8 billion merger with Germany’s Wincor Nixdorf”, Crainscleveland.com published: “Diebold Inc. to sell North American e-security business for $350 million” on October 26, 2015. More interesting news about Diebold Inc (NYSE:DBD) was released by: Crainscleveland.com and their article: “Diebold Inc. confirms results of vote to take over Wincor Nixdorf” with publication date: March 29, 2016.
DBD Company Profile
Diebold, Incorporated, incorporated on August 11, 1876, is engaged in the business of financial self-service (FSS) and security solutions, which it integrates based on its customers’ needs. The Company’s divisions include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). The Firm 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. The Firm also offers functionality terminals capable of supporting mobile card-less transactions and two-way video technology to support bank branch automation. The Firm supplies ATMs and related services across the world. The Firm through its divisions sells and services FSS and security systems around the globe, as well as elections, lottery and information technology solutions in Brazil other, through subsidiaries, joint ventures and independent distributors in various countries.
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