Diversey (NASDAQ:DSEY) Price Target Cut to $19.00 by Analysts at Morgan Stanley

Diversey (NASDAQ:DSEY) had its target price cut by Morgan Stanley from $22.00 to $19.00 in a research note issued to investors on Tuesday morning, Analyst Price Targets reports. They currently have an overweight rating on the stock.

DSEY has been the topic of a number of other reports. Citigroup initiated coverage on Diversey in a report on Tuesday, November 23rd. They issued a buy rating and a $16.00 target price on the stock. Mizuho initiated coverage on Diversey in a research report on Tuesday, October 12th. They issued a neutral rating and a $19.00 price target for the company. Zacks Investment Research lowered Diversey from a hold rating to a sell rating in a research report on Wednesday, October 27th. Finally, UBS Group decreased their target price on Diversey from $22.00 to $21.00 and set a buy rating for the company in a research report on Tuesday, January 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Buy and an average target price of $18.71.

NASDAQ:DSEY opened at $12.50 on Tuesday. Diversey has a fifty-two week low of $12.05 and a fifty-two week high of $18.61. The company has a 50 day simple moving average of $13.55 and a two-hundred day simple moving average of $15.59. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.10 and a quick ratio of 0.71.

Diversey (NASDAQ:DSEY) last issued its earnings results on Friday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). Diversey had a positive return on equity of 10.80% and a negative net margin of 8.07%. The firm had revenue of $664.90 million during the quarter, compared to the consensus estimate of $686.76 million. The company’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that Diversey will post 0.5 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. Citigroup Inc. purchased a new position in Diversey in the 2nd quarter worth approximately $69,000. Advisor Group Holdings Inc. increased its stake in shares of Diversey by 139.3% during the second quarter. Advisor Group Holdings Inc. now owns 6,160 shares of the company’s stock valued at $110,000 after buying an additional 3,586 shares during the period. US Bancorp DE increased its stake in shares of Diversey by 15.2% during the third quarter. US Bancorp DE now owns 10,438 shares of the company’s stock valued at $167,000 after buying an additional 1,377 shares during the period. Samson Rock Capital LLP purchased a new position in shares of Diversey during the third quarter valued at approximately $172,000. Finally, Moloney Securities Asset Management LLC purchased a new position in shares of Diversey during the third quarter valued at approximately $185,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Diversey Company Profile

Diversey Holdings, Ltd., through its subsidiaries, provides infection prevention and cleaning solutions in Europe, North America, Latin America, the Asia Pacific, the Middle East, and Africa. It operates through two segments, Institutional, and Food and Beverage. The company manufactures, markets, and sells 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 to healthcare, education, food service, retail and grocery, hospitality, and building service contractor industries.

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Analyst Recommendations for Diversey (NASDAQ:DSEY)

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