Dayforce (NYSE:DAY – Free Report) had its price target lowered by TD Cowen from $63.00 to $53.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has a buy rating on the stock.
Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company cut their target price on shares of Dayforce from $64.00 to $52.00 and set an equal weight rating on the stock in a research note on Friday, June 21st. Citigroup decreased their target price on Dayforce from $72.00 to $66.00 and set a buy rating for the company in a research report on Tuesday, June 18th. Needham & Company LLC restated a buy rating and set a $82.00 price target on shares of Dayforce in a research report on Thursday, May 2nd. Piper Sandler Companies reaffirmed a neutral rating and issued a $68.00 price target on shares of Dayforce in a research note on Friday, May 17th. Finally, BMO Capital Markets reissued an outperform rating and set a $75.00 price objective on shares of Dayforce in a research report on Tuesday, June 11th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $67.33.
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Dayforce Price Performance
Dayforce (NYSE:DAY – Get Free Report) last posted 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 net margin of 3.30% and a return on equity of 5.38%. The business had revenue of $431.50 million for the quarter, compared to analysts’ expectations of $426.15 million. Analysts expect that Dayforce will post 0.9 EPS for the current fiscal 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.
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