Donnelley Financial Solutions Inc (DFIN) Receives $23.50 Average Target Price from Brokerages

Donnelley Financial Solutions Inc (NYSE:DFIN) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $23.50.

A number of research firms have commented on DFIN. Wells Fargo & Co reduced their target price on Donnelley Financial Solutions from $22.00 to $19.00 and set a “market perform” rating for the company in a report on Monday, June 25th. Zacks Investment Research raised Donnelley Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. DA Davidson began coverage on Donnelley Financial Solutions in a report on Thursday, June 7th. They issued a “buy” rating and a $25.00 target price for the company. Finally, Bank of America lowered Donnelley Financial Solutions from a “buy” rating to a “neutral” rating and set a $28.00 target price for the company. in a report on Friday, August 3rd.

Institutional investors and hedge funds have recently modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new stake in shares of Donnelley Financial Solutions in the second quarter worth $137,000. Glen Harbor Capital Management LLC grew its holdings in shares of Donnelley Financial Solutions by 45.5% in the second quarter. Glen Harbor Capital Management LLC now owns 9,452 shares of the company’s stock worth $164,000 after acquiring an additional 2,958 shares during the period. Zebra Capital Management LLC bought a new stake in shares of Donnelley Financial Solutions in the second quarter worth $174,000. Paloma Partners Management Co bought a new stake in shares of Donnelley Financial Solutions in the second quarter worth $181,000. Finally, Aperio Group LLC bought a new stake in shares of Donnelley Financial Solutions in the first quarter worth $193,000. 86.19% of the stock is owned by institutional investors.

Donnelley Financial Solutions stock opened at $21.10 on Tuesday. The firm has a market capitalization of $721.82 million, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.97 and a beta of 2.32. Donnelley Financial Solutions has a 12 month low of $15.22 and a 12 month high of $22.50. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.83 and a quick ratio of 1.74.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Thursday, August 2nd. The company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.10). The business had revenue of $290.60 million during the quarter, compared to the consensus estimate of $297.13 million. Donnelley Financial Solutions had a return on equity of 18.40% and a net margin of 0.83%. equities research analysts forecast that Donnelley Financial Solutions will post 0.89 earnings per share for the current year.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc provides financial communications, and data and analytics services for the investment and capital markets worldwide. It offers communication tools and services to allow its clients to comply with ongoing regulatory filings; and communications services to create, manage, and deliver registration statements, prospectuses, proxies, and other communications to regulators and investors.

Featured Article: Price to Earnings Ratio (PE) Basics

Receive News & Ratings for Donnelley Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donnelley Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply