Dayforce (NYSE:DAY) Price Target Lowered to $52.00 at Wells Fargo & Company

Dayforce (NYSE:DAY) had its price target cut by Wells Fargo & Company from $64.00 to $52.00 in a report issued on Friday, Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts have also weighed in on the company. 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. William Blair restated an outperform rating on shares of Dayforce in a report on Thursday, May 2nd. Piper Sandler restated a neutral rating and issued a $68.00 price objective on shares of Dayforce in a report on Thursday, May 16th. 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. Finally, BMO Capital Markets reaffirmed an outperform rating and set a $75.00 target price on shares of Dayforce in a report on Tuesday, June 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Dayforce currently has an average rating of Moderate Buy and an average target price of $69.13.

Dayforce Stock Performance

Shares of DAY stock opened at $50.17 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. Dayforce has a 1 year low of $48.65 and a 1 year high of $75.53. The stock’s fifty day simple moving average is $56.50. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 152.03, a PEG ratio of 3.29 and a beta of 1.25.

Dayforce (NYSE:DAY) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $431.50 million during the quarter, compared to analyst estimates of $426.15 million. Dayforce had a net margin of 3.30% and a return on equity of 5.38%. Equities research analysts predict that Dayforce will post 0.9 earnings per share for the current fiscal 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.