Paychex Inc. (NASDAQ: PAYX) has reported E.P.S. of $1.06 for its fourth fiscal quarter (ending May 31) versus $0.97 for the same period a year ago. For the latest four quarters through May 31, E.P.S. were $4.69 versus $4.32 for the same period a year ago.
Recent Price Action
Paychex Inc. (NASDAQ: PAYX) stock suffered a large decline of -6.1% on 6/26/24. The stock closed at $117.39. Moreover, this decline was accompanied by exceptionally high trading volume at 285% of normal. The stock has performed in line with the market over the last nine months and has declined -5.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, PAYX is expected to continue to be a major Value Builder.
Paychex has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Paychex has a poor Appreciation Score of 21 but a neutral Power Rating of 56, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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