J P Morgan Chase & Co assumed coverage on shares of Donnelley Financial Solutions Inc (NASDAQ:DFIN) in a research report released on Tuesday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $24.00 target price on the stock.
A number of other equities research analysts have also issued reports on the company. Bank of America Corporation initiated coverage on Donnelley Financial Solutions in a research note on Friday, June 23rd. They set a buy rating for the company. Citigroup Inc. initiated coverage on Donnelley Financial Solutions in a research note on Monday, June 19th. They set a neutral rating and a $25.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on Donnelley Financial Solutions in a research note on Monday, June 19th. They set a market perform rating and a $24.00 price target for the company.
Shares of Donnelley Financial Solutions (DFIN) opened at 20.14 on Tuesday. The firm has a 50-day moving average price of $22.19 and a 200 day moving average price of $22.04. Donnelley Financial Solutions has a 12 month low of $18.02 and a 12 month high of $29.00. The company has a market cap of $678.72 million and a P/E ratio of 17.64.
Donnelley Financial Solutions (NASDAQ:DFIN) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.76 earnings per share (EPS) 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 business had revenue of $290.20 million for the quarter, compared to the consensus estimate of $294.70 million. Donnelley Financial Solutions’s quarterly revenue was down 2.6% on a year-over-year basis. Equities analysts predict that Donnelley Financial Solutions will post $1.64 earnings per share for the current year.
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Several large investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of Donnelley Financial Solutions by 251.6% in the second quarter. FMR LLC now owns 1,576,216 shares of the company’s stock worth $36,190,000 after buying an additional 1,127,910 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 worth $40,923,000 after buying an additional 788,940 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Donnelley Financial Solutions by 20.1% in the second quarter. Vanguard Group Inc. now owns 2,922,945 shares of the company’s stock worth $67,111,000 after buying an additional 489,428 shares in the last quarter. Kennedy Capital Management Inc. acquired a new stake in shares of Donnelley Financial Solutions during the second quarter worth about $7,597,000. Finally, Vivaldi Asset Management LLC acquired a new stake in shares of Donnelley Financial Solutions during the second quarter worth about $6,981,000.
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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