The shares of Paychex, Inc. (NASDAQ:PAYX) has been pegged with a rating of Neutral by MoffettNathanson in its latest research note that was published on October 4th, 2018. The research company has also assigned a $79 price target. MoffettNathanson wasn’t the only research firm that published a report of Paychex, Inc., with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on October 2nd, 2018, to Outperform the PAYX stock. The stock had earned Underweight rating from JP Morgan when it published its report on August 14th, 2018. The stock was given Underperform rating by BofA/Merrill in its report released on April 17th, 2018. RBC Capital Mkts was of a view that PAYX is Sector Perform in its latest report on April 2nd, 2018 while giving it a price target of $63. Stifel thinks that PAYX is worth Hold rating. This was contained in the firm’s report on March 27th, 2018 in which the stock’s price target was also moved to $66.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 17 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $74.59. The price of the stock the last time has raised by 16.75% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 51.04.
The shares of the company dipped by -2.41% during the trading session on Tuesday, reaching a low of $69.11 while ending the day at $69.30. During the trading session, a total of 2.57 million shares were traded which represents a -11.84% decline from the average session volume which is 2.30M shares. PAYX had ended its last session trading at 71.01. Paychex, Inc. currently has a market cap of $24.59B, while its P/E ratio stands at 29.58, while its P/E earnings growth sits at 7.18, with a beta of 1.01. Paychex, Inc. debt-to-equity ratio currently stands at 0.02, while its quick ratio hovers at 1.20. PAYX 52-week low price stands at $59.36 while its 52-week high price is $76.02.
The company in its last quarterly report recorded $0.67 earnings per share which is above the $0.65 predicted by most analysts. The Paychex, Inc. generated $862.80 million in revenue during the last quarter, which is slightly higher than the $850.40 million predicted by analysts. In the second quarter last year, the firm recorded $0.61 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 8.96%. Paychex, Inc. has the potential to record 2.34 EPS for the current fiscal year, according to equities analysts.
Investment analysts at RBC Capital Mkts published a research note on May 14th, 2018 where it informed investors and clients that GrafTech International Ltd. (NYSE:EAF) is now rated as Outperform. Their price target on the stock stands at $23. Credit Suisse also rated EAF as Upgrade on October 2nd, 2018, with its price target of $1315 suggesting that EAF could down by -INF% from its current share price. It started the day trading at $15.97 and traded between $14.47 and $14.73 throughout the trading session.
The company’s average trading volume currently stands at 1.31M shares, which means that the short-interest ratio is just 8.03 days. Over the past seven days, the company moved, with its shift of -2.06%. Looking further, the stock has dropped -19.81% over the past 90 days while it lost -24.35% over the last six months.