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

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

A number of other analysts also recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Dayforce from $64.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. William Blair reiterated an “outperform” rating on shares of Dayforce in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $82.00 price objective on shares of Dayforce in a research report on Wednesday. Mizuho lowered their target price on Dayforce from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Finally, Citigroup lowered their target price on Dayforce from $72.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, June 18th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.40.

Dayforce Price Performance

DAY stock traded down $2.79 during mid-day trading on Thursday, reaching $56.49. 1,884,199 shares of the company traded hands, compared to its average volume of 1,660,073. Dayforce has a 52-week low of $47.08 and a 52-week high of $75.53. The stock has a market capitalization of $8.92 billion, a P/E ratio of 171.19, a P/E/G ratio of 3.60 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average price of $51.80.

Dayforce (NYSE:DAY) 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 return on equity of 5.38% and a net margin of 3.30%. The firm had revenue of $431.50 million during the quarter, compared to analysts’ expectations of $426.15 million. As a group, analysts forecast that Dayforce will post 0.9 EPS for the current 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.