Dayforce (NYSE:DAY) PT Lowered to $53.00

Dayforce (NYSE:DAY) had its price target cut by TD Cowen from $63.00 to $53.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the stock.

DAY has been the subject of a number of other research reports. William Blair reissued an outperform rating on shares of Dayforce in a research note on Thursday, May 2nd. Barclays decreased their price objective on Dayforce from $74.00 to $62.00 and set an equal weight rating for the company in a research note on Thursday, May 2nd. BMO Capital Markets reaffirmed an outperform rating and set a $75.00 price objective on shares of Dayforce in a research report on Tuesday, June 11th. Citigroup reduced their target price on shares of Dayforce from $72.00 to $66.00 and set a buy rating for the company in a report on Tuesday, June 18th. Finally, Piper Sandler Companies reaffirmed a neutral rating and issued a $68.00 price objective on shares of Dayforce in a research report on Friday, May 17th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $67.33.

Dayforce Stock Performance

Dayforce stock opened at $49.60 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $7.83 billion, a P/E ratio of 150.31, a PEG ratio of 3.34 and a beta of 1.25. The company’s 50 day moving average is $55.50. Dayforce has a fifty-two week low of $48.65 and a fifty-two week high of $75.53.

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