Dayforce (NYSE:DAY – Get Free Report) had its price target cut by equities researchers at TD Cowen from $63.00 to $53.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target indicates a potential upside of 6.85% from the stock’s current price.
A number of other research firms also recently issued reports on DAY. Barclays decreased their price target on shares of Dayforce from $74.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Piper Sandler Companies restated a “neutral” rating and issued a $68.00 price objective on shares of Dayforce in a report on Friday, May 17th. BMO Capital Markets restated an “outperform” rating and issued a $75.00 price objective on shares of Dayforce in a report on Tuesday, June 11th. 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 report on Monday, May 6th. Finally, 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 report on Friday, June 21st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.33.
View Our Latest Stock Report on DAY
Dayforce Trading Down 0.2 %
Dayforce (NYSE:DAY – Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Dayforce will post 0.9 EPS for the current fiscal 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.
Further Reading
- Five stocks we like better than Dayforce
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- What is Forex and How Does it Work?
- MarketBeat Week in Review – 6/24 – 6/28
- What is the Australian Securities Exchange (ASX)
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for Dayforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dayforce and related companies with MarketBeat.com's FREE daily email newsletter.