In a report issued on March 30, Bryan Keane from Deutsche Bank maintained a Hold rating on Paychex (PAYX – Research Report), with a price target of $145.00. The company’s shares closed last Thursday at $136.47, close to its 52-week high of $138.97.
According to TipRanks.com, Keane is a 5-star analyst with an average return of 14.6% and a 68.9% success rate. Keane covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and Rackspace Technology.
Currently, the analyst consensus on Paychex is a Hold with an average price target of $137.00, a -0.7% downside from current levels. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $140.00 price target.
The company has a one-year high of $138.97 and a one-year low of $92.74. Currently, Paychex has an average volume of 1.89M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Paychex, Inc. is one of the leading providers of integrated human capital management solutions in the United States and Europe. The company offers human resource, payroll, retirement, and insurance services for organizations of any size, from startup to enterprise.
Read More on PAYX:
- Aercap Holdings (AER) Received its Third Buy in a Row
- Deutsche Bank Sticks to Its Buy Rating for TripCom Group (TCOM)
- JMP Securities Thinks Taysha Gene Therapies’ Stock is Going to Recover
- Papa John’s International (PZZA) Gets a Buy Rating from BTIG
- BTIG Maintains Their Buy Rating on Verra Mobility (VRRM)