Forecasting The Future: 4 Analyst Projections For Dayforce

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Across the recent three months, 4 analysts have shared their insights on Dayforce DAY, expressing a variety of opinions spanning from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 0 2 0 0
Last 30D 1 0 0 0 0
1M Ago 1 0 2 0 0
2M Ago 0 0 0 0 0
3M Ago 0 0 0 0 0

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $78.25, a high estimate of $82.00, and a low estimate of $74.00. Witnessing a positive shift, the current average has risen by 5.74% from the previous average price target of $74.00.

Deciphering Analyst Ratings: An In-Depth Analysis

In examining recent analyst actions, we gain insights into how financial experts perceive Dayforce. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Scott Berg Needham Maintains Buy $82.00 -
Raimo Lenschow Barclays Lowers Equal-Weight $74.00 $75.00
Scott Berg Needham Maintains Buy $82.00 -
Arvind Ramnani Piper Sandler Raises Neutral $75.00 $73.00

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Dayforce. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Dayforce compared to the broader market.
  • Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Dayforce's stock. This comparison reveals trends in analysts' expectations over time.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Dayforce's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Dayforce analyst ratings.

About Dayforce

Dayforce provides payroll and human capital management solutions targeting clients with 100-100,000 employees. Following the 2012 acquisition of Dayforce, Dayforce pivoted away from its legacy on-premises Bureau business to become a cloud HCM provider. As of fiscal 2022, about 80% of group revenue was derived from the flagship Dayforce platform geared toward enterprise clients. The remaining revenue is about evenly split between cloud platform Powerpay, targeting small businesses in Canada, and legacy Bureau products.

Dayforce's Financial Performance

Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

Revenue Growth: Over the 3 months period, Dayforce showcased positive performance, achieving a revenue growth rate of 5.88% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Dayforce's net margin is impressive, surpassing industry averages. With a net margin of 11.41%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Dayforce's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.95%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Dayforce's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.51%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: Dayforce's debt-to-equity ratio is below the industry average at 0.52, reflecting a lower dependency on debt financing and a more conservative financial approach.

What Are Analyst Ratings?

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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