Diversey (NASDAQ:DSEY) Shares Down 5.4%

Shares of Diversey Holdings, Ltd. (NASDAQ:DSEYGet Rating) fell 5.4% during trading on Wednesday . The stock traded as low as $5.45 and last traded at $5.45. 107,538 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 366,784 shares. The stock had previously closed at $5.76.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DSEY. Citigroup cut shares of Diversey from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 4th. 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. Mizuho reduced their target price on shares of Diversey from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, January 12th. Morgan Stanley cut their price target on shares of Diversey from $15.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, November 7th. Finally, Barclays dropped their price objective on shares of Diversey from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, November 4th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Diversey currently has an average rating of “Hold” and a consensus target price of $8.35.

Diversey Stock Down 5.4 %

The company has a market cap of $1.77 billion, a P/E ratio of -12.80 and a beta of 1.71. The company has a 50-day simple moving average of $4.89 and a 200 day simple moving average of $5.52. The company has a current ratio of 1.35, a quick ratio of 0.94 and a debt-to-equity ratio of 2.96.

Diversey (NASDAQ:DSEYGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Diversey had a positive return on equity of 15.06% and a negative net margin of 5.32%. The company had revenue of $689.00 million for the quarter, compared to analysts’ expectations of $719.03 million. On average, equities analysts anticipate that Diversey Holdings, Ltd. will post 0.32 EPS for the current year.

Institutional Trading of Diversey

Several institutional investors have recently bought and sold shares of the business. Ellevest Inc. increased its stake in Diversey by 429.4% during the third quarter. Ellevest Inc. now owns 7,110 shares of the company’s stock worth $35,000 after acquiring an additional 5,767 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of Diversey in the 3rd quarter valued at about $60,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Diversey during the second quarter worth approximately $62,000. Victory Capital Management Inc. purchased a new stake in shares of Diversey in the second quarter valued at about $66,000. Finally, Citigroup Inc. boosted its stake in shares of 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 buying an additional 4,691 shares in the last quarter. 94.64% of the stock is owned by institutional investors and hedge funds.

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.

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