Dayforce Inc (NYSE:DAY – Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $48.65 and last traded at $49.73, with a volume of 417699 shares changing hands. The stock had previously closed at $49.16.
Wall Street Analyst Weigh In
DAY has been the topic of a number of recent analyst reports. Barclays decreased their target price on shares of Dayforce from $74.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $82.00 price target on shares of Dayforce in a research report on Thursday, May 2nd. Piper Sandler Companies restated a “neutral” rating and set a $68.00 target price on shares of Dayforce in a research note on Friday, May 17th. BMO Capital Markets restated an “outperform” rating and set a $75.00 target price on shares of Dayforce in a research note on Tuesday, June 11th. Finally, Wells Fargo & Company cut their target price on shares of Dayforce from $64.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.13.
Check Out Our Latest Stock Analysis on Dayforce
Dayforce Price Performance
Dayforce (NYSE:DAY – Get Free Report) last announced its quarterly 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). The company had revenue of $431.50 million during the quarter, compared to analysts’ expectations of $426.15 million. Dayforce had a net margin of 3.30% and a return on equity of 5.38%. On average, equities analysts forecast that Dayforce Inc will post 0.9 EPS for the current year.
Dayforce Company Profile
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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