Piper Sandler Reaffirms Neutral Rating for Dayforce (NYSE:DAY)

Piper Sandler restated their neutral rating on shares of Dayforce (NYSE:DAY) in a research report sent to investors on Tuesday, Benzinga reports. They currently have a $68.00 price objective on the stock.

A number of other analysts have also commented on DAY. Wells Fargo & Company decreased their target price on Dayforce from $64.00 to $52.00 and set an equal weight rating for the company in a research report on Friday, June 21st. BMO Capital Markets restated an outperform rating and set a $75.00 price objective on shares of Dayforce in a report on Tuesday, June 11th. Mizuho lowered their target price on Dayforce from $95.00 to $80.00 and set a buy rating on the stock in a research report on Monday, May 6th. TD Cowen reduced their price target on shares of Dayforce from $63.00 to $53.00 and set a buy rating for the company in a research report on Friday, June 28th. Finally, Needham & Company LLC restated a buy rating and set a $82.00 price objective on shares of Dayforce in a report on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Dayforce has a consensus rating of Moderate Buy and a consensus target price of $67.33.

Dayforce Stock Performance

Dayforce stock opened at $51.26 on Tuesday. The company has a market cap of $8.09 billion, a PE ratio of 155.34, a price-to-earnings-growth ratio of 3.40 and a beta of 1.27. Dayforce has a 52-week low of $48.65 and a 52-week high of $75.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $54.82.

Dayforce (NYSE:DAY) last issued its earnings results on Wednesday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $431.50 million for the quarter, compared to the consensus estimate of $426.15 million. Dayforce had a return on equity of 5.38% and a net margin of 3.30%. On average, equities research analysts forecast that Dayforce will post 0.9 EPS for the current year.

About Dayforce

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.