For its first fiscal quarter (ending August 31), Paychex Inc. (NASDAQ: PAYX) has reported E.P.S. of $1.19 compared to $1.16 a year ago. E.P.S. were $4.73 for the latest four quarters through August 31 versus $4.43 for the same period a year ago.
Recent Price Action
Paychex Inc. (NASDAQ: PAYX) stock enjoyed a large increase of 4.9% on 10/1/24. The stock closed at $140.79. Moreover, this advance was accompanied by exceptionally high trading volume at 307% of normal. The stock has performed in line with the market over the last nine months and has risen 5.0% 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). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Paychex has a poor Appreciation Score of 21 but a slightly positive Power Rating of 62, leading to the Negative Value Trend Rating.
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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