Healthy Upside Potential: Diversey Holdings Ltd. (DSEY)

Diversey Holdings Ltd. (NASDAQ: DSEY) stock jumped 0.70% on Tuesday to $5.76 against a previous-day closing price of $5.72. With 0.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.57 million shares. During the session, the Personal Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $5.86 whereas the lowest price it dropped to was $5.57. The 52-week range on DSEY shows that it touched its highest point at $11.68 and its lowest point at $3.95 during that stretch. It currently has a 1-year price target of $6.97.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DSEY was up-trending over the past week, with a rise of 6.27%, but this was up by 29.44% over a month. Three-month performance surged to 17.79% while six-month performance fell -20.88%. The stock lost -46.52% in the past year, while it has gained 35.21% so far this year. A look at the trailing 12-month EPS for DSEY yields -0.46 with Next year EPS estimates of 0.43. For the next quarter, that number is 0.11. This implies an EPS growth rate of -375.30% for this year and 42.33% for next year.

Float and Shares Shorts:

At present, 320.20 million DSEY shares are outstanding with a float of 313.76 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.8 million, which was 1.17% higher than short shares on Sep 14, 2022. In addition to Mr. Philip Robert Wieland as the firm’s CEO & Director, Mr. Philip Todd Herndon serves as its Chief Financial Officer – Global.

Institutional Ownership:

Through their ownership of 96.61% of DSEY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 76.29% of DSEY, in contrast to 12.60% held by mutual funds. Shares owned by individuals account for 10.16%. As the largest shareholder in DSEY with 3.05% of the stake, Massachusetts Financial Services holds 9,882,505 shares worth 9,882,505. A second-largest stockholder of DSEY, JPMorgan Investment Management, I, holds 5,477,232 shares, controlling over 1.69% of the firm’s shares. BlackRock Advisors LLC is the third largest shareholder in DSEY, holding 5,401,473 shares or 1.67% stake. With a 1.97% stake in DSEY, the MFS New Discovery Value Fund is the largest stakeholder. A total of 6,392,572 shares are owned by the mutual fund manager. The JPMorgan Small Cap Equity Fund, which owns about 1.04% of DSEY stock, is the second-largest Mutual Fund holder. It holds 3,358,568 shares valued at 14.31 million. HL Select Umbrella Trust – Global holds 0.81% of the stake in DSEY, owning 2,636,527 shares worth 11.23 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DSEY since 12 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DSEY analysts setting a high price target of $9.00 and a low target of $5.00, the average target price over the next 12 months is $6.80. Based on these targets, DSEY could surge 56.25% to reach the target high and fall by -13.19% to reach the target low. Reaching the average price target will result in a growth of 18.06% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DSEY will report FY 2022 earnings on 03/06/2024. Analysts have provided yearly estimates in a range of $0.35 being high and $0.29 being low. For DSEY, this leads to a yearly average estimate of $0.30. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Diversey Holdings Ltd. surprised analysts by $0.00 when it reported $0.09 EPS against a consensus estimate of $0.09. The surprise factor in the prior quarter was $0.00. Based on analyst estimates, the high estimate for the next quarter is $0.17 and the low estimate is $0.09. The average estimate for the next quarter is thus $0.11.

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