Dayforce (NYSE:DAY) Price Target Raised to $75.00 (2024)

Dayforce (NYSE:DAY - Free Report) had its target price raised by Deutsche Bank Aktiengesellschaft from $70.00 to $75.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. William Blair restated an outperform rating on shares of Dayforce in a research report on Thursday, May 2nd. TD Cowen cut their price objective on shares of Dayforce from $63.00 to $53.00 and set a buy rating on the stock in a research report on Friday, June 28th. Piper Sandler upgraded shares of Dayforce from a neutral rating to an overweight rating and raised their target price for the stock from $68.00 to $71.00 in a report on Wednesday. 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. Finally, Needham & Company LLC reissued a buy rating and issued a $82.00 price objective on shares of Dayforce in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $68.40.

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Dayforce Stock Down 4.6 %

NYSE DAY traded down $2.72 during trading on Thursday, hitting $56.56. 3,008,835 shares of the stock traded hands, compared to its average volume of 1,668,177. The firm has a market capitalization of $8.93 billion, a P/E ratio of 171.40, a P/E/G ratio of 3.60 and a beta of 1.27. Dayforce has a 12-month low of $47.08 and a 12-month high of $75.53. The company has a 50-day moving average of $51.71. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.50.

Dayforce (NYSE:DAY - Get Free Report) last announced 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 5.38% and a net margin of 3.30%. The business had revenue of $431.50 million during the quarter, compared to the consensus estimate of $426.15 million. As a group, research analysts predict that Dayforce will post 0.9 EPS for the current fiscal year.

Dayforce Company Profile

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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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