J.P. Morgan downgrades Diebold Nixdorf (DBD) to a Sell

Diebold Nixdorf (DBDResearch Report) received a Sell rating and price target from J.P. Morgan analyst Paul J Chung yesterday. The company’s shares closed yesterday at $3.18.

According to TipRanks, J Chung is an analyst with an average return of -5.1% and a 39.19% success rate. J Chung covers the Technology sector, focusing on stocks such as Cognex, Plexus, and Diebold Nixdorf.

Currently, the analyst consensus on Diebold Nixdorf is a Moderate Buy with an average price target of $5.00.

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Based on Diebold Nixdorf’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $851.7 million and a GAAP net loss of $199.2 million. In comparison, last year the company earned a revenue of $943.5 million and had a GAAP net loss of $30.3 million

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Diebold Nixdorf, Inc. engages in the provision of integrated software-led services, self-service delivery and security systems to financial, retail, commercial, and government markets. It offers financial self-services such as self-service support and maintenance, value-added services, self-service software, and self-service products, and security solutions including physical and electronic security. It operates through the following segments: Eurasia Banking, Americas Banking, and Retail. The company was founded by Charles Diebold in 1859 and is headquartered in North Canton, OH.

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