Dayforce (NYSE:DAY) has been given a neutral rating by Piper Sandler

Dayforce (NYSE:DAY – Get Free Report)Equity research analysts at Piper Sandler reiterated a “neutral” rating on the company’s stock in a report issued on Tuesday, Benzinga reports. They currently have a price target of $68.00 on the stock. The price target for Piper Sandler stock indicates a potential upside of 35.11% from the previous close.

Other equities research analysts have also recently issued reports on the company. Mizuho lowered their price target for Dayforce from $95.00 to $80.00 and set a “buy” rating for the stock in a research report on Monday, May 6. Citigroup lowered their price target for Dayforce from $72.00 to $66.00 and set a “buy” rating for the stock in a research report on Tuesday, June 18. Wells Fargo & Company lowered their price target for Dayforce from $64.00 to $52.00 and set an “equal weight” rating for the stock in a research report on Friday, June 21. BMO Capital Markets reaffirmed an “outperform” rating and set a $75.00 price target for Dayforce in a research report on Tuesday, June 11. Finally, Needham & Company LLC reissued a “buy” rating and set an $82.00 price target on shares of Dayforce in a research report on Thursday, May 2. Four analysts rated the stock a “hold,” while six gave it a “buy” rating. According to MarketBeat, Dayforce has a consensus rating of “Moderate Buy” and an average price target of $67.33.

Read our latest research report on Dayforce

Dayforce Trading up 1.5%

Shares of NYSE:DAY opened at $50.33 on Tuesday. The company has a current ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.50. Dayforce has a one-year low of $48.65 and a one-year high of $75.53. The stock’s 50 day moving average is $55.33. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 152.52, a price-to-earnings-growth ratio of 3.32 and a beta of 1.27.

Dayforce (NYSE:DAY – Get Free Report) last released its financial results on Wednesday, May 1st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company 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%. Sell-side analysts, on average, are forecasting that Dayforce will post 0.9 EPS for the current year.

About Dayforce

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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-based HCM platform that provides human resources management, payroll and tax, workforce management, portfolio management, benefits, and talent intelligence capabilities; and Powerpay, a cloud-based HR and payroll solution for the small business market.

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