Paychex (PAYX) Gets a Hold from UBS
In a report released on January 29, Kevin Mcveigh from UBS maintained a Hold rating on Paychex, with a price target of $110.00. The company’s shares closed last Friday at $102.23.
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According to TipRanks, Mcveigh is a 4-star analyst with an average return of 4.6% and a 55.24% success rate. Mcveigh covers the Industrials sector, focusing on stocks such as Equifax, Robert Half, and Thomson Reuters.
Paychex has an analyst consensus of Hold, with a price target consensus of $118.38, representing a 15.80% upside. In a report released on January 27, TipRanks – xAI also downgraded the stock to a Hold with a $116.00 price target.
Based on Paychex’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $1.56 billion and a net profit of $395.4 million. In comparison, last year the company earned a revenue of $1.32 billion and had a net profit of $413.4 million
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