Shares of Dayforce Inc (NYSE:DAY - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $69.13.
Several equities research analysts have commented on DAY shares. Mizuho dropped their target price on Dayforce from $95.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 6th. Piper Sandler reaffirmed a "neutral" rating and set a $68.00 price target on shares of Dayforce in a report on Thursday, May 16th. Barclays lowered their price target on Dayforce from $74.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 2nd. Citigroup lowered their price target on Dayforce from $72.00 to $66.00 and set a "buy" rating on the stock in a report on Tuesday, June 18th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $75.00 price target on shares of Dayforce in a report on Tuesday, June 11th.
Read Our Latest Stock Analysis on Dayforce
Dayforce Stock Performance
Shares of NYSE DAY traded down $0.51 during mid-day trading on Tuesday, hitting $49.70. 1,628,927 shares of the stock traded hands, compared to its average volume of 1,560,967. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average of $56.13. Dayforce has a 52 week low of $48.65 and a 52 week high of $75.53. The company has a market capitalization of $7.85 billion, a P/E ratio of 150.61, a price-to-earnings-growth ratio of 3.36 and a beta of 1.26.
Dayforce (NYSE:DAY - Get Free Report) last released its earnings results on Wednesday, May 1st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). Dayforce had a return on equity of 5.38% and a net margin of 3.30%. The company had revenue of $431.50 million during the quarter, compared to the consensus estimate of $426.15 million. As a group, sell-side analysts predict that Dayforce will post 0.9 EPS for the current fiscal year.
Dayforce Company Profile
(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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