The stock of Diebold Inc (NYSE:DBD) hit a new 52-week low and has $20.66 target or 9.00% below today’s $22.70 share price. The 6 months bearish chart indicates high risk for the $1.68B company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $20.66 price target is reached, the company will be worth $151.20 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 180,076 shares traded hands. Diebold Inc (NYSE:DBD) has declined 9.60% since March 14, 2016 and is downtrending. It has underperformed by 15.21% the S&P500.
Analysts await Diebold Inc (NYSE:DBD) to report earnings on November, 3. They expect $0.32 earnings per share, down 11.11% or $0.04 from last year’s $0.36 per share. DBD’s profit will be $23.68M for 17.73 P/E if the $0.32 EPS becomes a reality. After $0.43 actual earnings per share 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. Diebold Inc has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by JP Morgan given on Monday, August 15. The firm has “Overweight” rating by JP Morgan given on Monday, September 26. The stock of Diebold Inc (NYSE:DBD) earned “Buy” rating by Northcoast on Monday, January 25. Wedbush upgraded the stock to “Outperform” rating in Friday, July 31 report. Wedbush maintained Diebold Inc (NYSE:DBD) rating on Thursday, February 4. Wedbush has “Outperform” rating and $40 price target. The stock of Diebold Inc (NYSE:DBD) has “In-Line” rating given on Wednesday, September 16 by Imperial Capital. The stock of Diebold Inc (NYSE:DBD) has “In-Line” rating given on Tuesday, May 3 by Imperial Capital. The company was downgraded 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 dived, 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.
Renaissance Tech Limited Liability has invested 0.01% of its portfolio in Diebold Inc (NYSE:DBD). Mark Sheptoff Fincl Planning Ltd holds 0.03% of its portfolio in Diebold Inc (NYSE:DBD) for 1,500 shares. Tiaa Cref Inv Mngmt Ltd Limited Liability Company has 189,644 shares for 0% of their US portfolio. Liberty Mutual Gp Asset Management accumulated 0.03% or 28,276 shares. Schwab Charles Inv Mgmt last reported 0.01% of its portfolio in the stock. The New York-based Mutual Of America Lc has invested 0.02% in Diebold Inc (NYSE:DBD). Manufacturers Life Insur The holds 0% or 126,132 shares in its portfolio. Cap Invsts accumulated 0% or 374,737 shares. Moreover, Hanson And Doremus Investment Mngmt has 0.06% invested in Diebold Inc (NYSE:DBD) for 5,722 shares. Wellington Mngmt Group Ltd Liability Partnership reported 2.44M shares or 0.02% of all its holdings. Macnealy Hoover Inv Inc accumulated 66,655 shares or 1.33% of the stock. Blackrock Fund Advsr has invested 0.02% of its portfolio in Diebold Inc (NYSE:DBD). Royal Retail Bank Of Canada accumulated 1.12M shares or 0.02% of the stock. Nuveen Asset Limited Liability Corporation, a Illinois-based fund reported 30,045 shares. Moreover, Gradient Investments Ltd Liability has 0.46% invested in Diebold Inc (NYSE:DBD) for 171,439 shares.
Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 1 insider sale for $84,816 net activity. COX PHILLIP R also sold $84,816 worth of Diebold Inc (NYSE:DBD) shares.
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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