Dayforce (NYSE:DAY) PT Raised to $75.00 at Deutsche Bank Aktiengesellschaft

Dayforce (NYSE:DAY) had its price target lifted by investment analysts at Deutsche Bank Aktiengesellschaft from $70.00 to $75.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 32.77% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Barclays lowered 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. Mizuho decreased their price objective on Dayforce from $95.00 to $80.00 and set a “buy” rating for the company in a report on Monday, May 6th. TD Cowen dropped their target price on Dayforce from $63.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Piper Sandler raised Dayforce from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $71.00 in a research report on Wednesday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $75.00 price objective on shares of Dayforce in a report on Tuesday, June 11th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.40.

Dayforce Stock Performance

NYSE DAY traded down $2.79 during trading hours on Thursday, reaching $56.49. 1,884,199 shares of the company’s stock were exchanged, compared to its average volume of 1,660,073. Dayforce has a one year low of $47.08 and a one year high of $75.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50-day moving average price is $51.80. The firm has a market capitalization of $8.92 billion, a P/E ratio of 171.19, a price-to-earnings-growth ratio of 3.60 and a beta of 1.27.

Dayforce (NYSE:DAY) last posted 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 for the quarter, compared to analyst estimates of $426.15 million. Dayforce had a return on equity of 5.38% and a net margin of 3.30%. 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.