J P Morgan Chase & Co started coverage on shares of Donnelley Financial Solutions Inc (NASDAQ:DFIN) in a research note issued on Tuesday, The Fly reports. The firm set a “neutral” rating on the stock.

A number of other equities research analysts have also recently weighed in on DFIN. Wells Fargo & Company began coverage on Donnelley Financial Solutions in a report on Monday, June 19th. They issued a “market perform” rating and a $24.00 price target on the stock. Citigroup Inc. began coverage on Donnelley Financial Solutions in a report on Monday, June 19th. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Bank of America Corporation began coverage on Donnelley Financial Solutions in a report on Friday, June 23rd. They issued a “buy” rating on the stock.

Shares of Donnelley Financial Solutions (DFIN) opened at 21.20 on Tuesday. The firm has a market capitalization of $714.44 million and a price-to-earnings ratio of 18.56. The stock has a 50 day moving average price of $22.50 and a 200-day moving average price of $22.12. Donnelley Financial Solutions has a 52 week low of $18.02 and a 52 week high of $29.00.

Donnelley Financial Solutions (NASDAQ:DFIN) last issued its earnings results on Wednesday, August 2nd. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $290.20 million for the quarter, compared to analysts’ expectations of $294.70 million. Donnelley Financial Solutions had a return on equity of 51.81% and a net margin of 6.48%. Donnelley Financial Solutions’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts anticipate that Donnelley Financial Solutions will post $1.64 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan boosted its stake in shares of 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 during the period. HighTower Advisors LLC bought a new stake in shares of Donnelley Financial Solutions during the second quarter worth approximately $204,000. Balter Liquid Alternatives LLC bought a new stake in shares of Donnelley Financial Solutions during the second quarter worth approximately $245,000. UBS Asset Management Americas Inc. bought a new stake in shares of Donnelley Financial Solutions during the second quarter worth approximately $259,000. Finally, Voya Investment Management LLC bought a new stake in shares of Donnelley Financial Solutions during the second quarter worth approximately $272,000.

Donnelley Financial Solutions Company Profile

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.

The Fly

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