Paychex (NASDAQ:PAYX) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 3.29 by 18 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 10 Brokerage Firms have advised hold. 4 Analysts have rated it as strong sell. A sell rating was given by 2 analyst.
Other Equity analysts have also commented on the company shares. Compass Point initiates coverage on Paychex (NASDAQ:PAYX).The analysts at the brokerage house have a current rating of Sell on the shares. In a recent information released to the investors, Compass Point announces the price target of $56 per share. The rating by the firm was issued on April 15, 2016.
Paychex (NASDAQ:PAYX): 13 Analyst have given the stock of Paychex (NASDAQ:PAYX) a near short term price target of $49. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $5.45. The higher price target estimate is at $57 while the lower price estimates are fixed at $40.
Paychex (NASDAQ:PAYX) rose 0.45% or 0.25 points on Tuesday and made its way into the gainers of the day. After trading began at $55.38 the stock was seen hitting $55.6501 as a peak level and $55.19 as the lowest level. The stock ended up at $55.51. The daily volume was measured at 1,555,476 shares. The 52-week high of the share price is $55.6501 and the 52-week low is $41.59. The company has a market cap of $19,990 million.
Shares of Paychex, Inc. rose by 1.7% in the last five trading days and 6.69% for the last 4 weeks. Paychex, Inc. is up 3.53% in the last 3-month period. Year-to-Date the stock performance stands at 6.76%.
Paychex, Inc., is a provider of integrated payroll, human Resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. The Company focuses on providing payroll and human Resource services; delivering these services; growing its client base, through the efforts of its direct sales force; improving client service, through its leading-edge technology; capitalizing on the growth opportunities within its existing client base and from new clients; investing in business through expansion of its services and product offerings; and supplementing its growth through strategic acquisitions. The Company offers services and products that allow its clients to meet their diverse payroll and human Resource needs. These include: payroll processing; payroll tax administration services; employee payment services; regulatory compliance services; Paychex HR Services; retirement services administration; insurance services; and online HR administration services.