Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Paychex (PAYX) Gets a Hold from UBS

Tipranks - Mon Feb 2, 9:36AM CST

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.

Claim 50% Off TipRanks Premium

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

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.