Donnelley Financial Solutions Inc (DFIN) Coverage Initiated by Analysts at Wells Fargo & Company
Stock analysts at Wells Fargo & Company started coverage on shares of Donnelley Financial Solutions Inc (NASDAQ:DFIN) in a research report issued to clients and investors on Monday, June 19th, MarketBeat reports. The firm set a “market perform” rating and a $24.00 price target on the stock. Wells Fargo & Company’s price target suggests a potential upside of 6.38% from the company’s previous close.
Separately, Citigroup Inc. started coverage on shares of Donnelley Financial Solutions in a report on Monday, June 19th. They set a “neutral” rating and a $25.00 price objective on the stock.
Donnelley Financial Solutions (NASDAQ DFIN) traded up 1.02% on Monday, hitting $22.79. 550,210 shares of the company traded hands. The stock’s 50-day moving average is $22.66 and its 200 day moving average is $21.92. Donnelley Financial Solutions has a 12 month low of $18.02 and a 12 month high of $29.00. The firm has a market capitalization of $747.49 million and a P/E ratio of 13.65.
Donnelley Financial Solutions (NASDAQ:DFIN) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.11. Donnelley Financial Solutions had a net margin of 3.48% and a return on equity of 31.67%. The company had revenue of $267.30 million for the quarter, compared to analysts’ expectations of $239.30 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts forecast that Donnelley Financial Solutions will post $1.73 EPS for the current fiscal year.
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.
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