Diversey (NASDAQ:DSEY) Price Target Increased to $8.40 by Analysts at Royal Bank of Canada

Diversey (NASDAQ:DSEY – Get Rating) had its price target hoisted by analysts at Royal Bank of Canada from $6.00 to $8.40 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 3.58% from the company’s previous close.

A number of other research analysts have also recently commented on DSEY. Mizuho cut their price target on shares of Diversey from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, January 12th. The Goldman Sachs Group dropped their target price on shares of Diversey from $7.70 to $6.70 and set a “neutral” rating on the stock in a research note on Tuesday, January 10th. Morgan Stanley downgraded shares of Diversey from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $8.00 to $8.40 in a research note on Thursday. Bank of America initiated coverage on Diversey in a report on Wednesday, February 22nd. They set an “underperform” rating and a $6.00 price objective on the stock. Finally, BMO Capital Markets upped their target price on Diversey from $5.80 to $8.40 and gave the stock a “market perform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.35.

Diversey Price Performance

DSEY opened at $8.11 on Thursday. The business has a fifty day moving average of $5.76 and a 200 day moving average of $5.37. The stock has a market cap of $2.63 billion, a P/E ratio of -18.02, a PEG ratio of 8.93 and a beta of 2.00. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 2.96. Diversey has a 52-week low of $3.95 and a 52-week high of $10.68.

Hedge Funds Weigh In On Diversey

A number of large investors have recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of Diversey by 1.3% in the 1st quarter. Northern Trust Corp now owns 216,424 shares of the company’s stock worth $1,638,000 after buying an additional 2,738 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Diversey by 32.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,530 shares of the company’s stock valued at $53,000 after acquiring an additional 3,074 shares in the last quarter. Citigroup Inc. boosted its stake in Diversey by 110.7% in the first quarter. Citigroup Inc. now owns 8,929 shares of the company’s stock valued at $67,000 after acquiring an additional 4,691 shares in the last quarter. Swiss National Bank grew its holdings in Diversey by 2.6% in the fourth quarter. Swiss National Bank now owns 195,800 shares of the company’s stock worth $834,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Ellevest Inc. increased its position in shares of Diversey by 429.4% during the third quarter. Ellevest Inc. now owns 7,110 shares of the company’s stock worth $35,000 after purchasing an additional 5,767 shares in the last quarter. 94.64% of the stock is currently owned by institutional investors.

About Diversey

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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.