Stock To Watch: Paychex, Inc. (NASDAQ:PAYX)


The leading market experts have placed a mean price target of $52.50 on Paychex, Inc. (NASDAQ:PAYX) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.56 a share for the upcoming quarter and $2.21 for the current fiscal.

Technical View

The technical analysis of Paychex, Inc. plainly substantiates that the 50-day moving average of Paychex, Inc. is $59.55, and stock is trading $0.56 points away or +0.95% from its 50-day moving average of $59.55. Further it is trading $5.95 or +10.98% away its 200-day moving average of $54.16. Paychex, Inc. (NASDAQ:PAYX) 52-week high is $61.87 and the 52-week low is $41.59.

This explains if the stock moves $-1.76, it will post a 52-week high. In event of +44.53% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Paychex, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Paychex, Inc. (NASDAQ:PAYX) ratio came in at 28.76.

The stock last ended the trading session at $60.11 and registered a market cap of $21.67B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Paychex, Inc. (NASDAQ:PAYX) PEG ratio is at 2.83.

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