Dayforce Inc (NYSE:DAY) Given Average Recommendation of “Moderate Buy” by Brokerages

Dayforce Inc (NYSE:DAY) has been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $67.33.

Several brokerages have recently commented on DAY. Mizuho reduced their target price on shares of Dayforce from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. TD Cowen decreased their price objective on shares of Dayforce from $63.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday. Piper Sandler reissued a “neutral” rating and issued a $68.00 target price on shares of Dayforce in a report on Thursday, May 16th. 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. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 price objective on shares of Dayforce in a research report on Tuesday, June 11th.

Dayforce Stock Up 1.5 %

Shares of DAY opened at $50.33 on Tuesday. Dayforce has a 12 month low of $48.65 and a 12 month high of $75.53. The company has a market capitalization of $7.95 billion, a PE ratio of 152.52, a price-to-earnings-growth ratio of 3.32 and a beta of 1.25. The business’s 50-day simple moving average is $55.33. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50.

Dayforce (NYSE:DAY) last posted its earnings results 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 company had revenue of $431.50 million for the quarter, compared to the consensus estimate of $426.15 million. Equities research analysts expect that Dayforce will post 0.9 EPS 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.