Dayforce’s (DAY) Neutral Rating Reaffirmed at Piper Sandler

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

Several other analysts have also issued reports on the stock. Mizuho reduced 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. Needham & Company LLC restated a buy rating and issued a $82.00 price objective on shares of Dayforce in a report on Thursday, May 2nd. TD Cowen reduced their price objective on shares of Dayforce from $63.00 to $53.00 and set a buy rating on the stock in a report on Friday, June 28th. Barclays reduced their price objective on shares of Dayforce from $74.00 to $62.00 and set an equal weight rating on the stock in a report on Thursday, May 2nd. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $67.33.

Dayforce Stock Up 0.8 %

Shares of DAY opened at $50.75 on Tuesday. 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 quick ratio of 1.07 and a current ratio of 1.07. The business’s fifty day simple moving average is $55.16. The firm has a market cap of $8.01 billion, a PE ratio of 153.79, a PEG ratio of 3.32 and a beta of 1.27.

Dayforce (NYSE:DAY) last announced 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). Dayforce had a return on equity of 5.38% and a net margin of 3.30%. The business had revenue of $431.50 million for the quarter, compared to analyst estimates of $426.15 million. As a group, research analysts anticipate that Dayforce will post 0.9 earnings per share for the current 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.