Dayforce (NYSE:DAY - Get Free Report) had its target price cut by research analysts at TD Cowen from $63.00 to $53.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's price objective suggests a potential upside of 7.42% from the stock's previous close.
Several other research firms also recently commented on DAY. William Blair reissued an "outperform" rating on shares of Dayforce in a research note on Thursday, May 2nd. Barclays reduced their price objective on Dayforce from $74.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $82.00 target price on shares of Dayforce in a research note on Thursday, May 2nd. Mizuho cut their target price on Dayforce from $95.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, May 6th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $68.00 target price on shares of Dayforce in a research note on Thursday, May 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.33.
Check Out Our Latest Stock Analysis on DAY
Dayforce Stock Down 0.7 %
Shares of DAY stock traded down $0.36 during trading hours on Friday, hitting $49.34. 767,354 shares of the company's stock were exchanged, compared to its average volume of 1,559,884. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 149.52, a P/E/G ratio of 3.34 and a beta of 1.25. The business's 50 day moving average price is $55.68. Dayforce has a fifty-two week low of $48.65 and a fifty-two week high of $75.53.
Dayforce (NYSE:DAY - Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $431.50 million for the quarter, compared to analyst estimates of $426.15 million. Dayforce had a return on equity of 5.38% and a net margin of 3.30%. On average, equities analysts forecast that Dayforce will post 0.9 earnings per share for the current fiscal year.
About Dayforce
(Get Free Report)
Dayforce Inc, together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources, payroll and tax, workforce management, wallet, benefits, and talent intelligence functionalities; and Powerpay, a cloud HR and payroll solution for the small business market.
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