Paychex Inc. (PAYX) Stock Forecast & Predictions

Paychex Inc. PAYX: $109.98

911 Panorama Trl S, Rochester, New York, US. | Sector: Professional, Scientific, and Technical Services | Exchange: NASDAQ | Web: www.paychex.com

  • Market Cap$39.66B
  • Change (52 Weeks)45.41%
  • Low (52 Weeks)$75.93
  • Paychex Inc. (PAYX) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Paychex Inc. (PAYX) stock price is $109.98 and the 52 weeks low is $75.93, which means the Paychex Inc. stock price is up 45.41% in the last 12 months.

    Paychex Inc. (PAYX) Stock Price has been Trending Strongly with an ADX reading of 30.93 as per the Weekly Chart.

    A Upward trend indicates that Paychex Inc. (PAYX) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that PAYX Stock price might rise further, 18.75% indicating that PAYX Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall PAYX stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Paychex Inc. (PAYX) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Paychex Inc. (PAYX) is based on 26 Institutional Analyst Ratings where 3.85% are on Strong Buy, 7.69% on Moderate Buy, 65.38% remains on Hold, 11.54% are on Moderate Sell and 11.54% are on Strong Sell.

    Out of 26 Institutional Analysts, majority recommended PAYX stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Paychex Inc..

    Paychex Inc. (PAYX) Stock Price Prediction By Analysts


    HighLowAverage
    $131.25$92.92$111.04
    $111.040.96% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for PAYX set by the institutional analysts is $111.04 where High Estimate is $131.25, Median $113.22 and Low $92.92.

    The average price target for PAYX by Institutional Analysts is $111.04, which is 0.96% Upside from the current price. So according to the Institutional Analysts, PAYX Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Paychex Inc. (PAYX) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 479,658 investor portfolio.

    Our algorithm has analysed 479,658 investor portfolio with PAYX stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about PAYX and holding their positions hoping for a further rise in the stock price and more profit.

    Paychex Inc. (PAYX) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    JP MorganUnderweightMaintained
    Wolfe ResearchUnderperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankHoldMaintained
    BMO CapitalMarket PerformMaintained
    BarclaysEqual-WeightMaintained
    Wolfe ResearchUnderperformDowngraded
    Morgan StanleyEqual-WeightMaintained
    Goldman SachsSellMaintained
    BMO CapitalMarket PerformMaintained
    BairdOutperformMaintained
    Argus ResearchBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    CitigroupBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    Goldman SachsSellInitiated
    Morgan StanleyEqual-WeightMaintained
    CitigroupNeutralMaintained
    BMO CapitalMarket PerformMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankHoldMaintained
    Cowen & Co.Market PerformMaintained
    Morgan StanleyEqual-WeightMaintained
    BMO CapitalMarket PerformMaintained
    BairdNeutralMaintained
    StifelHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightUpgraded
    JP MorganUnderweightMaintained
    CitigroupBuyUpgraded
    BairdNeutralMaintained
    BarclaysEqual-WeightMaintained
    Cowen & Co.Market PerformInitiated
    Morgan StanleyUnderweightDowngraded
    BarclaysEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    Bank of AmericaNeutralUpgraded
    BarclaysEqual-WeightInitiated
    Stifel NicolausHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankHoldMaintained
    CitigroupNeutralMaintained
    BMO CapitalMarket PerformMaintained
    JefferiesHoldInitiated
    GuggenheimNeutralInitiated
    JP MorganUnderweightDowngraded
    Credit SuisseNeutralInitiated
    Wells FargoMarket PerformMaintained
    Stifel NicolausHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    CitigroupNeutralMaintained
    BairdNeutralMaintained
    Bank of AmericaUnderperformDowngraded
    RBC CapitalSector PerformUpgraded
    CitigroupNeutralMaintained
    Stifel NicolausHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    JP MorganNeutralMaintained
    BMO CapitalMarket PerformMaintained
    BarclaysEqual-WeightMaintained
    Bank of AmericaNeutralDowngraded
    Bank of AmericaBuyMaintained
    CitigroupNeutralUpgraded
    Wells FargoMarket PerformMaintained
    CitigroupSellMaintained
    BMO CapitalMarket PerformMaintained
    Bank of AmericaBuyMaintained
    Morgan StanleyEqual-WeightUpgraded
    William BlairMarket PerformDowngraded
    Goldman SachsNeutralDowngraded
    BernsteinMarket PerformUpgraded
    BarclaysEqual-WeightInitiated
    Goldman SachsBuyUpgraded
    JefferiesUnderperformMaintained
    CitigroupSellMaintained
    WedbushNeutralInitiated
    Compass PointSellInitiated
    CitigroupSellMaintained
    Bank of AmericaUnderperformDowngraded
    Deutsche BankHoldMaintained
    Sterne Agee CRTNeutralInitiated
    RBC CapitalUnderperformMaintained
    JP MorganNeutralMaintained
    Goldman SachsNeutralDowngraded
    JP MorganNeutralUpgraded
    RBC CapitalUnderperformMaintained
    CitigroupSellMaintained
    CitigroupSellMaintained
    Bank of AmericaNeutralMaintained
    Deutsche BankHoldMaintained
    ArgusBuyUpgraded
    CitigroupSellMaintained
    Bank of AmericaNeutralMaintained
    BernsteinUnderperformInitiated
    JP MorganUnderweightMaintained
    JP MorganUnderweightMaintained
    Bank of AmericaNeutralMaintained
    Morgan StanleyUnderweightInitiated
    Deutsche BankHoldMaintained
    ArgusHoldInitiated
    Deutsche BankHoldMaintained
    CitigroupSellMaintained
    BairdNeutralDowngraded
    Credit SuisseNeutralDowngraded
    First AnalysisEqual-WeightDowngraded
    UBSNeutralDowngraded
    CitigroupSellDowngraded
    JefferiesUnderperformDowngraded
    Bank of AmericaNeutralMaintained
    UBSBuyMaintained
    CitigroupNeutralMaintained
    BarclaysUnderweightMaintained
    BarclaysUnderweightDowngraded
    UBSBuyMaintained
    Deutsche BankHoldMaintained
    CitigroupNeutralMaintained
    UBSBuyInitiated

    Paychex Inc. (PAYX) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.809
    The average consensus EPS for PAYX is $0.809 with a high estimate of $0.882 and Low of $0.755 for the period 2021-12-31 and based on 20 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $$0.81684660000000012022-03-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.80908442022-06-30
    $$0.81684660000000012022-03-31
    $0.72$0.682892021-12-31
    $0.96$0.94248000000000012021-09-30
    $0.73$0.67322021-06-30
    $0.63$0.56287682021-03-31
    $0.61$0.61410122020-12-31
    $0.97$0.97432440000000012020-09-30
    $0.7$0.69725162020-06-30
    $0.71$0.69858782020-03-31
    $0.63$0.65773682019-12-31
    $0.89$0.89845679999999992019-09-30
    $0.65$0.6459152019-06-30
    $0.67$0.66732479999999992019-03-31
    $0.61$0.62679000000000012018-12-31
    $0.63$0.64291622018-09-30
    $0.59$0.60594120000000012018-06-30
    $0.62$0.61620242018-03-31
    $0.54$0.53833562017-12-31
    $0.55$0.54918842017-09-30
    $0.56$0.565592017-06-30
    $0.6$0.57978840000000012017-03-31
    $0.49$0.50037122016-12-31
    $0.42$0.50773562016-09-30
    $0.52$0.52235222016-06-30
    $0.52$0.52022016-03-31
    $0.44$0.45219662015-12-31
    $0.46$0.471056400000000042015-09-30
    $0.47$0.47314742015-06-30
    $0.47$0.47114820000000012015-03-31
    $0.4$0.403869000000000032014-12-31
    $0.44$0.429521999999999962014-09-30
    $0.43$0.43185782014-06-30
    $0.44$0.4398752014-03-31
    $0.38$0.38227562013-12-31
    $0.4$0.39872822013-09-30
    $0.41$0.41334482013-06-30
    $0.42$0.422575799999999952013-03-31
    $0.34$0.34990082012-12-31
    $0.37$0.381388199999999962012-09-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).