Diversey Holdings, Ltd. (NASDAQ:DSEY) Receives $18.75 Consensus Target Price from Analysts

Shares of Diversey Holdings, Ltd. (NASDAQ:DSEY) have been given an average recommendation of “Buy” by the twelve brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.75.

DSEY has been the subject of a number of recent analyst reports. Bank of America began coverage on Diversey in a research report on Monday, April 19th. They issued a “buy” rating and a $17.00 price objective for the company. Barclays increased their target price on Diversey from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Monday, May 17th. Credit Suisse Group began coverage on Diversey in a research note on Monday, April 19th. They set a “neutral” rating and a $18.00 target price on the stock. Royal Bank of Canada began coverage on Diversey in a research note on Monday, April 19th. They set an “outperform” rating and a $18.00 target price on the stock. Finally, Morgan Stanley began coverage on Diversey in a research note on Monday, April 19th. They set an “overweight” rating and a $22.00 target price on the stock.

DSEY opened at $17.11 on Tuesday. Diversey has a 12-month low of $13.50 and a 12-month high of $18.33. The company has a 50 day simple moving average of $16.36. The company has a quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 3.86.

Diversey (NASDAQ:DSEY) last released its quarterly earnings data on Thursday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. The business had revenue of $631.50 million during the quarter, compared to analyst estimates of $616.80 million. As a group, equities research analysts anticipate that Diversey will post 0.59 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Diversey during the 1st quarter worth $147,207,000. Citadel Advisors LLC acquired a new stake in shares of Diversey in the 1st quarter valued at $74,536,000. Zimmer Partners LP acquired a new stake in shares of Diversey in the 1st quarter valued at $44,153,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Diversey in the 1st quarter valued at $43,001,000. Finally, Millennium Management LLC acquired a new stake in shares of Diversey in the 1st quarter valued at $40,707,000. Hedge funds and other institutional investors own 93.79% of the company’s stock.

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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