Diversey (NASDAQ:DSEY) Stock Rating Lowered by Robert W. Baird

Robert W. Baird lowered shares of Diversey (NASDAQ:DSEY – Get Rating) from an outperform rating to a neutral rating in a report published on Monday, The Fly reports.

Several other brokerages also recently commented on DSEY. Royal Bank of Canada raised their target price on shares of Diversey from $6.00 to $8.40 and gave the stock a sector perform rating in a report on Thursday, March 9th. BMO Capital Markets raised their target price on shares of Diversey from $5.80 to $8.40 and gave the stock a market perform rating in a report on Thursday, March 9th. Credit Suisse Group downgraded shares of Diversey from an outperform rating to a neutral rating and dropped their target price for the stock from $9.00 to $8.40 in a report on Monday, March 13th. The Goldman Sachs Group decreased their price target on shares of Diversey from $7.70 to $6.70 and set a neutral rating for the company in a research note on Tuesday, January 10th. Finally, Morgan Stanley cut shares of Diversey from an overweight rating to an equal weight rating and raised their price target for the stock from $8.00 to $8.40 in a research note on Thursday, March 9th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $7.97.

Diversey Stock Performance

Shares of NASDAQ:DSEY opened at $8.01 on Monday. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of -15.11 and a beta of 2.00. The firm’s 50 day simple moving average is $6.18 and its 200 day simple moving average is $5.42. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.35 and a quick ratio of 0.94. Diversey has a fifty-two week low of $3.95 and a fifty-two week high of $10.68.

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Diversey (NASDAQ:DSEY – Get Rating) last announced its earnings results on Friday, March 17th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $701.60 million for the quarter, compared to analyst estimates of $695.41 million. Diversey had a positive return on equity of 15.06% and a negative net margin of 5.32%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) earnings per share. As a group, sell-side analysts forecast that Diversey will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On Diversey

Several hedge funds have recently added to or reduced their stakes in the business. Point72 Middle East FZE acquired a new stake in shares of Diversey during the fourth quarter worth $28,000. Ellevest Inc. lifted its holdings 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 buying an additional 5,767 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of Diversey during the fourth quarter worth $43,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Diversey during the fourth quarter worth $44,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Diversey by 32.5% during the fourth 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. Institutional investors and hedge funds own 94.64% of the company’s stock.

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.