Analysts Set Dayforce Inc (NYSE:DAY) Target Price at $69.13

Shares of Dayforce Inc (NYSE:DAY) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $69.13.

DAY has been the topic of several recent analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $75.00 price objective on shares of Dayforce in a report on Tuesday, June 11th. Citigroup cut their price objective on Dayforce from $72.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, June 18th. Wells Fargo & Company cut their price objective on Dayforce from $64.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st. Needham & Company LLC reiterated a “buy” rating and set a $82.00 price objective on shares of Dayforce in a report on Thursday, May 2nd. Finally, William Blair reiterated an “outperform” rating on shares of Dayforce in a report on Thursday, May 2nd.

Dayforce Trading Down 0.4 %

Shares of DAY opened at $49.70 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.07. Dayforce has a 1 year low of $48.65 and a 1 year high of $75.53. The company has a market capitalization of $7.85 billion, a PE ratio of 150.61, a P/E/G ratio of 3.33 and a beta of 1.25. The stock’s 50-day moving average is $55.68.

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 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 for the quarter, compared to the consensus estimate of $426.15 million. As a group, equities 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.