UBS Sticks to Their Hold Rating for Paychex (PAYX)
UBS analyst Kevin Mcveigh maintained a Hold rating on Paychex yesterday and set a price target of $110.00.
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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.
In addition to UBS, Paychex also received a Hold from TipRanks – DeepSeek’s DeepSeek Staffing and Employment Services in a report issued on January 27. However, on the same day, TipRanks – Anthropic reiterated a Buy rating on Paychex (NASDAQ: PAYX).
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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