Brokerages Set Donnelley Financial Solutions (NYSE:DFIN) Target Price at $59.50

Shares of Donnelley Financial Solutions (NYSE:DFIN) have been given a consensus rating of “Buy” by the five research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $59.50.

A number of equities analysts have weighed in on DFIN shares. Zacks Research upgraded Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. DA Davidson dropped their price target on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th.

Institutional Trading of Donnelley Financial Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its holdings in Donnelley Financial Solutions by 109.4% during the 1st quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $30,000 after buying an additional 336 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Donnelley Financial Solutions in the fourth quarter worth about $70,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Donnelley Financial Solutions by 117.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,106 shares of the company’s stock valued at $98,000 after purchasing an additional 1,138 shares during the last quarter. Vestcor Inc acquired a new stake in shares of Donnelley Financial Solutions during the 3rd quarter worth approximately $160,000. Finally, LSV Asset Management lifted its holdings in shares of Donnelley Financial Solutions by 117.6% in the 4th quarter. LSV Asset Management now owns 3,700 shares of the company’s stock worth $173,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Up 3.7%

Shares of DFIN opened at $46.91 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.17 billion, a P/E ratio of 36.36 and a beta of 0.72. The stock’s fifty day simple moving average is $40.77 and its 200 day simple moving average is $46.11. Donnelley Financial Solutions has a twelve month low of $36.11 and a twelve month high of $65.78.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Tuesday, May 5th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. Donnelley Financial Solutions had a net margin of 4.52% and a return on equity of 24.80%. The business had revenue of $205.50 million for the quarter, compared to the consensus estimate of $204.80 million. During the same quarter last year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Donnelley Financial Solutions will post 4.46 earnings per share for the current year.

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.