10 analysts have expressed a variety of opinions on Paychex PAYX over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 0 | 9 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 1 | 0 |
| 3M Ago | 0 | 0 | 8 | 0 | 0 |
Analysts have recently evaluated Paychex and provided 12-month price targets. The average target is $138.9, accompanied by a high estimate of $148.00 and a low estimate of $130.00. Witnessing a positive shift, the current average has risen by 8.77% from the previous average price target of $127.70.
Investigating Analyst Ratings: An Elaborate Study
The standing of Paychex among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ashish Sabadra | RBC Capital | Maintains | Sector Perform | $148.00 | $148.00 |
| Tien-Tsin Huang | JP Morgan | Raises | Underweight | $139.00 | $133.00 |
| Bryan Bergin | TD Cowen | Raises | Hold | $131.00 | $126.00 |
| David Grossman | Stifel | Raises | Hold | $141.00 | $130.00 |
| Samad Samana | Jefferies | Raises | Hold | $130.00 | $120.00 |
| Ashish Sabadra | RBC Capital | Raises | Sector Perform | $148.00 | $130.00 |
| Kevin Mcveigh | UBS | Raises | Neutral | $142.00 | $125.00 |
| James Faucette | Morgan Stanley | Raises | Equal-Weight | $133.00 | $122.00 |
| Peter Christiansen | Citigroup | Raises | Neutral | $145.00 | $125.00 |
| Ramsey El-Assal | Barclays | Raises | Equal-Weight | $132.00 | $118.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Paychex. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Paychex compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Paychex's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
To gain a panoramic view of Paychex's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Paychex analyst ratings.
Get to Know Paychex Better
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, founded in 1971, services over 745,000 clients and pays 1 in 12 US private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.
Key Indicators: Paychex's Financial Health
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Over the 3 months period, Paychex showcased positive performance, achieving a revenue growth rate of 2.53% as of 31 August, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Paychex's net margin is impressive, surpassing industry averages. With a net margin of 32.42%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Paychex's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 11.17%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Paychex's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.1%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.23, Paychex adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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