Zacks: Deluxe Co. (DLX) Given $40.00 Consensus Target Price by Analysts

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Deluxe Co. (NYSE:DLX) has received an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus target price of $40.00 for the company, according to Zacks. Zacks has also given Deluxe an industry rank of 64 out of 256 based on the ratings given to its competitors.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Deluxe from a “hold” rating to a “sell” rating in a research note on Wednesday, December 19th. Buckingham Research assumed coverage on shares of Deluxe in a research note on Friday, October 12th. They issued a “neutral” rating and a $56.00 price target on the stock. Finally, ValuEngine downgraded shares of Deluxe from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 11th.

Shares of Deluxe stock opened at $43.00 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Deluxe has a 12-month low of $36.70 and a 12-month high of $78.87. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 8.14 and a beta of 1.22.

Deluxe (NYSE:DLX) last issued its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.08. Deluxe had a net margin of 9.00% and a return on equity of 26.00%. The business had revenue of $493.20 million for the quarter. Research analysts forecast that Deluxe will post 5.63 EPS for the current year.

In other news, SVP Jeffrey Louis Cotter acquired 2,035 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was purchased at an average cost of $49.20 per share, for a total transaction of $100,122.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Keith A. Bush acquired 2,020 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were purchased at an average price of $49.60 per share, with a total value of $100,192.00. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in DLX. Alps Advisors Inc. bought a new position in Deluxe in the second quarter valued at $514,000. BlackRock Inc. grew its holdings in Deluxe by 10.1% during the 2nd quarter. BlackRock Inc. now owns 5,881,487 shares of the business services provider’s stock valued at $389,412,000 after purchasing an additional 538,145 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Deluxe by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,223,848 shares of the business services provider’s stock valued at $81,031,000 after purchasing an additional 38,406 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in Deluxe during the 2nd quarter valued at about $132,000. Finally, OppenheimerFunds Inc. grew its holdings in Deluxe by 22.3% during the 2nd quarter. OppenheimerFunds Inc. now owns 9,591 shares of the business services provider’s stock valued at $635,000 after purchasing an additional 1,746 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Deluxe Company Profile

Deluxe Corporation provides checks, forms, marketing solutions, accessories, and other products and services for small businesses and financial institutions. It operates through three segments: Small Business Services, Financial Services, and Direct Checks. The company provides checks; printed forms, such as deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms and check registers; and accessories and other products comprising envelopes, office supplies, ink stamps, and labels, as well as checkbook covers.

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