Donnelley Financial Solutions (NYSE:DFIN) Given Average Rating of “Moderate Buy” by Analysts

Donnelley Financial Solutions (NYSE:DFIN) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $61.00.

Several analysts have recently commented on DFIN shares. DA Davidson reduced their price objective on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Needham & Company LLC boosted their target price on shares of Donnelley Financial Solutions from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. Wall Street Zen cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Finally, Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th.

Donnelley Financial Solutions Stock Up 0.1%

Shares of NYSE:DFIN opened at $47.42 on Thursday. Donnelley Financial Solutions has a 1 year low of $36.11 and a 1 year high of $58.45. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.33. The business’s 50-day moving average is $44.11 and its 200-day moving average is $45.94. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 32.70 and a beta of 0.71.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Thursday, July 30th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $224.20 million during the quarter, compared to analysts’ expectations of $221.40 million. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 earnings per share. Equities research analysts predict that Donnelley Financial Solutions will post 4.46 earnings per share for the current year.

Institutional Trading of Donnelley Financial Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Donnelley Financial Solutions in the second quarter valued at approximately $165,182,000. Alberta Investment Management Corp acquired a new position in shares of Donnelley Financial Solutions during the second quarter worth approximately $44,157,000. Rice Hall James & Associates LLC acquired a new position in shares of Donnelley Financial Solutions during the second quarter worth approximately $32,516,000. Alliancebernstein L.P. lifted its holdings in shares of Donnelley Financial Solutions by 1,842.6% in the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock worth $36,537,000 after purchasing an additional 562,144 shares in the last quarter. Finally, Simcoe Capital Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 34.0% in the 2nd quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock worth $63,976,000 after purchasing an additional 263,570 shares in the last quarter. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.