Donnelley Financial Solutions Inc (DFIN) Given Average Recommendation of “Buy” by Brokerages
Shares of Donnelley Financial Solutions Inc (NASDAQ:DFIN) have earned a consensus broker rating score of 2.33 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a twelve-month consensus target price of $25.00 for the company and are predicting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also given Donnelley Financial Solutions an industry rank of 232 out of 265 based on the ratings given to related companies.
DFIN has been the topic of a number of research reports. Bank of America Corporation initiated coverage on Donnelley Financial Solutions in a report on Friday, June 23rd. They set a “buy” rating on the stock. Wells Fargo & Company initiated coverage on Donnelley Financial Solutions in a report on Monday, June 19th. They set a “market perform” rating and a $24.00 price target on the stock. J P Morgan Chase & Co initiated coverage on Donnelley Financial Solutions in a report on Tuesday, August 15th. They set a “neutral” rating and a $24.00 price target on the stock. Finally, Citigroup Inc. initiated coverage on Donnelley Financial Solutions in a report on Monday, June 19th. They set a “neutral” rating and a $25.00 price target on the stock.
Institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan raised its position in Donnelley Financial Solutions by 3.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,200 shares of the company’s stock worth $142,000 after buying an additional 190 shares in the last quarter. HighTower Advisors LLC bought a new position in Donnelley Financial Solutions during the second quarter worth about $204,000. Balter Liquid Alternatives LLC bought a new position in Donnelley Financial Solutions during the second quarter worth about $245,000. UBS Asset Management Americas Inc. bought a new position in Donnelley Financial Solutions during the second quarter worth about $259,000. Finally, Voya Investment Management LLC bought a new position in Donnelley Financial Solutions during the second quarter worth about $272,000.
Donnelley Financial Solutions (DFIN) traded down 0.82% on Friday, reaching $20.46. The company’s stock had a trading volume of 139,479 shares. The firm’s 50 day moving average price is $22.12 and its 200-day moving average price is $21.98. Donnelley Financial Solutions has a 1-year low of $18.02 and a 1-year high of $29.00. The company has a market capitalization of $689.50 million and a price-to-earnings ratio of 17.92.
Donnelley Financial Solutions (NASDAQ:DFIN) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.06. Donnelley Financial Solutions had a return on equity of 51.81% and a net margin of 6.48%. The company had revenue of $290.20 million for the quarter, compared to analysts’ expectations of $294.70 million. Donnelley Financial Solutions’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities analysts forecast that Donnelley Financial Solutions will post $1.64 earnings per share for the current year.
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About Donnelley Financial Solutions
Donnelley Financial Solutions, Inc is a financial communications services company that supports global capital markets compliance and transaction needs for its corporate clients and their advisors (such as law firms and investment bankers), and global investment markets compliance and analytics needs for mutual fund companies, variable annuity providers and broker/dealers.
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