Dayforce (NYSE:DAY – Free Report) had its price objective cut by TD Cowen from $63.00 to $53.00 in a research report report published on Friday, Benzinga reports. They currently have a buy rating on the stock.
A number of other research analysts have also commented on DAY. Piper Sandler reaffirmed a neutral rating and issued a $68.00 price objective on shares of Dayforce in a report on Thursday, May 16th. Mizuho reduced 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. Barclays reduced their target price on Dayforce from $74.00 to $62.00 and set an equal weight rating on the stock in a report on Thursday, May 2nd. Wells Fargo & Company reduced their target price on Dayforce from $64.00 to $52.00 and set an equal weight rating on the stock in a report on Friday, June 21st. Finally, BMO Capital Markets reissued an outperform rating and set a $75.00 target price on shares of Dayforce in a report on Tuesday, June 11th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dayforce has a consensus rating of Moderate Buy and an average price target of $67.33.
Dayforce Price Performance
Dayforce (NYSE:DAY – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Dayforce had a net margin of 3.30% and a return on equity of 5.38%. The firm had revenue of $431.50 million during the quarter, compared to analyst estimates of $426.15 million. On average, equities analysts anticipate that Dayforce will post 0.9 earnings per share 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.
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