Deutsche Bank Aktiengesellschaft Boosts Dayforce (NYSE:DAY) Price Target to $75.00

Dayforce (NYSE:DAY) had its price target boosted by Deutsche Bank Aktiengesellschaft from $70.00 to $75.00 in a research report report published on Thursday, Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on DAY. Citigroup cut their price target on shares of Dayforce from $72.00 to $66.00 and set a buy rating on the stock in a report on Tuesday, June 18th. TD Cowen dropped their target price on shares of Dayforce from $63.00 to $53.00 and set a buy rating on the stock in a research note on Friday, June 28th. BMO Capital Markets reiterated an outperform rating and issued a $75.00 target price on shares of Dayforce in a research note on Tuesday, June 11th. Mizuho dropped 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. Finally, Needham & Company LLC reiterated a buy rating and issued a $82.00 target price on shares of Dayforce in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $68.40.

Dayforce Price Performance

NYSE:DAY opened at $53.23 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.49. The stock’s 50-day simple moving average is $51.65. The company has a market capitalization of $8.41 billion, a P/E ratio of 161.30, a PEG ratio of 3.79 and a beta of 1.27. Dayforce has a one year low of $47.08 and a one year high of $75.53.

Dayforce (NYSE:DAY) last released its quarterly earnings results 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). Dayforce had a return on equity of 6.35% and a net margin of 2.89%. The firm had revenue of $431.50 million for the quarter, compared to analysts’ expectations of $426.15 million. On average, equities research analysts expect 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.