Donnelley Financial Solutions Inc (NYSE:DFIN) Receives Consensus Rating of “Hold” from Brokerages

Donnelley Financial Solutions Inc (NYSE:DFIN) has been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $17.67.

Several analysts have recently weighed in on the company. DA Davidson reduced their target price on Donnelley Financial Solutions from $25.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday. TheStreet raised Donnelley Financial Solutions from a “d+” rating to a “c” rating in a research note on Monday, September 23rd. Zacks Investment Research raised Donnelley Financial Solutions from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. ValuEngine raised Donnelley Financial Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, B. Riley assumed coverage on Donnelley Financial Solutions in a research note on Wednesday, October 16th. They set a “buy” rating and a $16.00 price objective for the company.

Shares of NYSE:DFIN traded down $0.21 on Tuesday, hitting $10.99. 37,899 shares of the company’s stock were exchanged, compared to its average volume of 162,367. The firm’s 50-day moving average is $11.36 and its 200 day moving average is $12.97. The company has a market capitalization of $375.93 million, a PE ratio of 5.09, a P/E/G ratio of 11.34 and a beta of 1.88. Donnelley Financial Solutions has a 1-year low of $10.09 and a 1-year high of $18.00. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.43 and a current ratio of 1.50.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.13. Donnelley Financial Solutions had a return on equity of 26.93% and a net margin of 6.94%. The business had revenue of $258.90 million during the quarter, compared to analysts’ expectations of $266.00 million. On average, analysts anticipate that Donnelley Financial Solutions will post 0.76 EPS for the current fiscal year.

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz bought 107,128 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were bought at an average price of $11.36 per share, for a total transaction of $1,216,974.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 9.63% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its holdings in Donnelley Financial Solutions by 105.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 23,979 shares of the company’s stock valued at $295,000 after buying an additional 12,315 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Donnelley Financial Solutions by 11.2% during the second quarter. UBS Asset Management Americas Inc. now owns 29,566 shares of the company’s stock valued at $394,000 after acquiring an additional 2,976 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Donnelley Financial Solutions by 8.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 530,113 shares of the company’s stock valued at $7,072,000 after acquiring an additional 42,017 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Donnelley Financial Solutions during the second quarter valued at about $243,000. Finally, Marshall Wace LLP grew its stake in shares of Donnelley Financial Solutions by 50.5% during the second quarter. Marshall Wace LLP now owns 45,444 shares of the company’s stock valued at $606,000 after acquiring an additional 15,247 shares in the last quarter. Institutional investors own 93.61% of the company’s stock.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company in the United States, Europe, Asia, Canada, and Latin America. The Company provides regulatory filing and deal solutions through its software-as-a-service, technology-enabled services, and print and distribution solutions to public and private companies, mutual funds, and other regulated investment firms to serve their regulatory and compliance needs.

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