BidaskClub upgraded shares of Donnelley Financial Solutions Inc (NASDAQ:DFIN) from a strong sell rating to a sell rating in a research note issued to investors on Thursday.

A number of other equities analysts have also recently weighed in on DFIN. J P Morgan Chase & Co assumed coverage on Donnelley Financial Solutions in a report on Tuesday, August 15th. They issued a neutral rating and a $24.00 price target for the company. Wells Fargo & Company assumed coverage on Donnelley Financial Solutions in a report on Monday, June 19th. They issued a market perform rating and a $24.00 price target for the company. Citigroup Inc. assumed coverage on Donnelley Financial Solutions in a report on Monday, June 19th. They issued a neutral rating and a $25.00 price target for the company. Finally, Bank of America Corporation assumed coverage on Donnelley Financial Solutions in a report on Friday, June 23rd. They issued a buy rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Donnelley Financial Solutions has an average rating of Hold and an average price target of $24.33.

Shares of Donnelley Financial Solutions (NASDAQ:DFIN) opened at 21.56 on Thursday. Donnelley Financial Solutions has a one year low of $18.02 and a one year high of $29.00. The stock has a market capitalization of $726.57 million and a PE ratio of 18.88. The firm has a 50-day moving average price of $21.45 and a 200 day moving average price of $21.45.

Donnelley Financial Solutions (NASDAQ:DFIN) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.76 earnings per share 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 during the quarter, compared to analyst estimates of $294.70 million. Donnelley Financial Solutions’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, equities analysts expect that Donnelley Financial Solutions will post $1.63 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in DFIN. FMR LLC increased its stake in Donnelley Financial Solutions by 251.6% in the second quarter. FMR LLC now owns 1,576,216 shares of the company’s stock valued at $36,190,000 after purchasing an additional 1,127,910 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Donnelley Financial Solutions by 79.4% in the second quarter. Bank of New York Mellon Corp now owns 1,782,345 shares of the company’s stock valued at $40,923,000 after purchasing an additional 788,940 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Donnelley Financial Solutions by 466.8% in the second quarter. Lord Abbett & CO. LLC now owns 787,399 shares of the company’s stock valued at $18,079,000 after purchasing an additional 648,482 shares during the last quarter. Vanguard Group Inc. increased its stake in Donnelley Financial Solutions by 20.1% in the second quarter. Vanguard Group Inc. now owns 2,922,945 shares of the company’s stock valued at $67,111,000 after purchasing an additional 489,428 shares during the last quarter. Finally, Kennedy Capital Management Inc. acquired a new position in Donnelley Financial Solutions in the second quarter valued at $7,597,000.

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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