Diversey Holdings, Ltd. (NASDAQ:DSEY) Given Average Rating of “Hold” by Brokerages

Diversey Holdings, Ltd. (NASDAQ:DSEY – Get Rating) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $7.81.

Several equities research analysts recently issued reports on DSEY shares. The Goldman Sachs Group cut their price objective on shares of Diversey from $7.70 to $6.70 and set a “neutral” rating for the company in a research report on Tuesday, January 10th. UBS Group cut shares of Diversey from a “buy” rating to a “neutral” rating and dropped their price target for the company from $8.50 to $8.40 in a research report on Wednesday, April 5th. Mizuho lifted their price target on shares of Diversey from $6.00 to $8.40 and gave the company a “neutral” rating in a research report on Monday, March 13th. Credit Suisse Group cut shares of Diversey from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $9.00 to $8.40 in a research report on Monday, March 13th. Finally, BMO Capital Markets lifted their price objective on shares of Diversey from $5.80 to $8.40 and gave the company a “market perform” rating in a report on Thursday, March 9th.

Hedge Funds Weigh In On Diversey

Several institutional investors have recently bought and sold shares of DSEY. Point72 Middle East FZE acquired a new position in Diversey in the 4th quarter valued at $28,000. Ellevest Inc. boosted its position in shares of Diversey by 429.4% in the 3rd quarter. Ellevest Inc. now owns 7,110 shares of the company’s stock worth $35,000 after buying an additional 5,767 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of Diversey in the 4th quarter worth about $43,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Diversey in the 4th quarter worth about $44,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Diversey by 32.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,530 shares of the company’s stock worth $53,000 after buying an additional 3,074 shares in the last quarter. 94.64% of the stock is owned by institutional investors and hedge funds.

Diversey Stock Performance

DSEY opened at $8.27 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 2.93. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -14.26 and a beta of 2.15. Diversey has a 52-week low of $3.95 and a 52-week high of $10.68. The firm’s fifty day simple moving average is $7.87 and its two-hundred day simple moving average is $6.16.

Diversey (NASDAQ:DSEY – Get Rating) last posted its quarterly earnings results on Friday, March 17th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $701.60 million during the quarter, compared to analysts’ expectations of $695.41 million. Diversey had a positive return on equity of 12.25% and a negative net margin of 6.56%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.11) earnings per share. Equities analysts anticipate that Diversey will post 0.41 earnings per share for the current fiscal year.

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.