Dayforce (NYSE:DAY - Get Free Report) had its price objective dropped by stock analysts at TD Cowen from $63.00 to $53.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. TD Cowen's price target would suggest a potential upside of 6.85% from the company's current price.
Other analysts have also recently issued research reports about the stock. Piper Sandler reaffirmed a "neutral" rating and set a $68.00 price target on shares of Dayforce in a research report on Thursday, May 16th. Mizuho cut their price objective on shares of Dayforce from $95.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, May 6th. Wells Fargo & Company cut their price objective on shares of Dayforce from $64.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Friday, June 21st. BMO Capital Markets reissued an "outperform" rating and set a $75.00 price objective on shares of Dayforce in a research report on Tuesday, June 11th. Finally, William Blair reissued an "outperform" rating on shares of Dayforce in a research report on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $67.33.
Check Out Our Latest Analysis on Dayforce
Dayforce Stock Down 0.2 %
DAY traded down $0.10 during trading on Friday, reaching $49.60. 2,617,410 shares of the stock traded hands, compared to its average volume of 1,575,435. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $7.83 billion, a PE ratio of 150.31, a PEG ratio of 3.34 and a beta of 1.25. The company has a 50-day simple moving average of $55.50. Dayforce has a 12 month low of $48.65 and a 12 month high of $75.53.
Dayforce (NYSE:DAY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.02). The firm had revenue of $431.50 million for the quarter, compared to the consensus estimate of $426.15 million. Dayforce had a net margin of 3.30% and a return on equity of 5.38%. As a group, equities research analysts anticipate that Dayforce will post 0.9 EPS for the current 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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