Diversey Holdings, Ltd. (NASDAQ:DSEY) Receives Average Recommendation of “Hold” from Analysts

Shares of Diversey Holdings, Ltd. (NASDAQ:DSEYGet Rating) have received an average rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $11.33.

A number of research firms have recently issued reports on DSEY. UBS Group dropped their price target on Diversey from $21.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, March 16th. Barclays dropped their price target on Diversey from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Friday, March 11th. Royal Bank of Canada downgraded Diversey from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $11.00 to $9.00 in a research report on Friday, March 25th. Jefferies Financial Group downgraded Diversey from a “buy” rating to a “hold” rating and dropped their price target for the stock from $12.00 to $10.00 in a research report on Thursday. Finally, Mizuho dropped their price target on Diversey from $19.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, March 10th.

NASDAQ:DSEY opened at $7.79 on Friday. The stock’s fifty day moving average is $8.64 and its 200 day moving average is $9.99. Diversey has a fifty-two week low of $6.89 and a fifty-two week high of $18.39. The firm has a market capitalization of $2.53 billion, a PE ratio of -21.05 and a beta of 1.12. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.84 and a current ratio of 1.24.

Diversey (NASDAQ:DSEYGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Diversey had a positive return on equity of 19.16% and a negative net margin of 4.46%. The business had revenue of $660.00 million during the quarter, compared to analysts’ expectations of $632.63 million. During the same quarter in the previous year, the business earned $0.11 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts forecast that Diversey will post 0.47 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its holdings in Diversey by 280.2% in the first quarter. Bank of America Corp DE now owns 217,501 shares of the company’s stock valued at $1,647,000 after purchasing an additional 160,292 shares during the period. Jane Street Group LLC acquired a new stake in Diversey in the first quarter valued at approximately $2,807,000. Ensign Peak Advisors Inc grew its holdings in Diversey by 491.4% in the first quarter. Ensign Peak Advisors Inc now owns 2,544,905 shares of the company’s stock valued at $19,265,000 after purchasing an additional 2,114,584 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Diversey by 722.7% in the first quarter. Goldman Sachs Group Inc. now owns 132,254 shares of the company’s stock worth $1,001,000 after acquiring an additional 116,178 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Diversey by 7.6% in the first quarter. State Street Corp now owns 807,606 shares of the company’s stock worth $6,114,000 after acquiring an additional 57,274 shares during the last quarter. 97.69% of the stock is currently owned by institutional investors.

About Diversey (Get Rating)

Diversey Holdings, Ltd., through its subsidiaries, provides infection prevention and cleaning solutions worldwide. It operates in two segments, Institutional, and Food & Beverage. The Institutional segment offers products, solutions, equipment, and machines, including infection prevention and personal care products, floor and building care chemicals, kitchen and mechanical ware wash chemicals and machines, dosing and dispensing equipment, and floor care machines, as well as engineering, consulting, and training services related to productivity management, water and energy management, and risk management.

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