Today’s Stock On Watch: What’s Propelling Diebold Inc to Reach 1 Year Low?

Today's Stock On Watch: What's Propelling Diebold Inc to Reach 1 Year Low?

The stock of Diebold Inc (NYSE:DBD) hit a new 52-week low and has $19.43 target or 9.00% below today’s $21.35 share price. The 8 months bearish chart indicates high risk for the $1.58 billion company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $19.43 price target is reached, the company will be worth $142.20 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 654,891 shares traded hands. Diebold Inc (NYSE:DBD) has declined 25.80% since March 31, 2016 and is downtrending. It has underperformed by 28.33% 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 $23.68 million for 16.68 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. Diebold Inc has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, September 26 by JP Morgan. The rating was maintained by Imperial Capital on Wednesday, September 16 with “In-Line”. Wedbush upgraded the shares of DBD in a report on Friday, July 31 to “Outperform” rating. The company was initiated on Monday, August 15 by JP Morgan. Imperial Capital maintained the stock with “In-Line” rating in Tuesday, May 3 report. Northcoast upgraded the shares of DBD in a report on Monday, January 25 to “Buy” rating. The firm has “Outperform” rating by Wedbush given 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 Q2 2016. 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.
Blackrock Institutional Trust Na holds 1.85 million shares or 0.01% of its portfolio. Advantus Management owns 7,890 shares or 0.01% of their US portfolio. Hbk L P holds 0% or 8,274 shares in its portfolio. Dynamic Capital Limited accumulated 0.14% or 46,849 shares. Primecap Mngmt Ca accumulated 0.02% or 770,000 shares. Beese Fulmer Invest Mngmt Incorporated, a Ohio-based fund reported 10,332 shares. Manufacturers Life Ins Company The has 0% invested in the company for 126,132 shares. First Trust Advsrs L P has 0.01% invested in the company for 84,364 shares. The Massachusetts-based Fmr Limited Liability Co has invested 0% in Diebold Inc (NYSE:DBD). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% of its portfolio in Diebold Inc (NYSE:DBD) for 34,971 shares. Price T Rowe Assoc Md last reported 0% of its portfolio in the stock. Trexquant Invest Lp owns 15,900 shares or 0.05% of their US portfolio. Moreover, Louisiana State Employees Retirement Systems has 0.02% invested in Diebold Inc (NYSE:DBD) for 17,300 shares. Peak6 Invests Limited Partnership owns 2,060 shares or 0% of their US portfolio. Gamco Invsts Inc Et Al accumulated 3.87M shares or 0.64% of the stock.

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 notable 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 with their article: “Diebold Inc. completes $1.8 billion merger with Germany’s Wincor Nixdorf” published on August 15, 2016, 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) were released by: Crainscleveland.com and their article: “Diebold Inc. confirms results of vote to take over Wincor Nixdorf” published on March 29, 2016 as well as Moodys.com‘s news article titled: “Moody’s assigns B2 to Diebold, Inc. unsecured notes” with publication date: March 31, 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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