JP Morgan Upgrades Diebold Inc to Overweight

Brokerage firm JP Morgan Upgrades its rating on Diebold Inc(NYSE:DBD). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by JP Morgan was issued on Sep 26, 2016.

In a different note, JP Morgan said it Initiates Coverage on Diebold Inc, according to a research note issued on Aug 15, 2016. The shares have been rated ‘Neutral’ by the firm. On Jul 5, 2016, Pacific Crest said it Reinstates its rating on Diebold Inc. The shares have been rated ‘Sector Weight’ by the firm.

Diebold Inc (DBD) made into the market gainers list on Thursdays trading session with the shares advancing 1.52% or 0.37 points. Due to strong positive momentum, the stock ended at $24.69, which is also near the day’s high of $24.825. The stock began the session at $24.63 and the volume stood at 6,16,374 shares. The 52-week high of the shares is $37.98 and the 52 week low is $22.84. The company has a current market capitalization of $1,610 M and it has 6,51,89,266 shares in outstanding.

Diebold Inc(DBD) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $580.00M. Analysts had an estimated revenue of $594.01M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.21.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Phillip R Cox (director) sold 3,534 shares at $24.00 per share price.Also, On Feb 18, 2016, Sheila M Rutt (VP, Chief HR Officer) sold 419 shares at $24.44 per share price.On Feb 16, 2016, Andreas W Mattes (President and CEO) sold 3,555 shares at $23.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Diebold Incorporated provides financial self-service (FSS) delivery integrated services and software and security systems to the financial commercial retail and other markets. The Company operates through five segments: North America (NA) Asia Pacific (AP) Europe Middle East and Africa (EMEA) Latin America (LA) and Brazil. The Company has two lines of business: FSS and Security Solutions which the Company integrates based on its customers’ needs. Its FSS solutions include self-service support and managed services self-service products and self-service software. The Company’s Security Solutions include electronic security products monitoring and services and physical security and facility products. The Company supplies automated teller machines (ATMs) and related services across the world. It also provides design installation maintenance and monitoring of electronic security systems to financial commercial retail and other customers.

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