PAYCHEX, INC.

PAYX
Real-time BATS EXCHANGE - 05/26 09:07:38 am
70.135USD
+3.78%

Paychex, Inc. : Buyers are coming back

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Patrick Rejaunier
Equity Analyst

Strategy published on : 05/21/2020 | 08:58

long trade
Live

Entry price : 67.4$
Target : 75$
Stop-loss : 63.45$
Potential : 11.28%

Paychex, Inc. shares have recently experienced an upward movement with a return of higher volumes and volatility. This technical chart pattern suggests a continuation of the upward movement.
Investors have an opportunity to buy the stock and target the $ 75.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

● Historically, the company has been releasing figures that are above expectations.


Weaknesses

● The company's "enterprise value to sales" ratio is among the highest in the world.

● For the past seven days, analysts have been lowering their EPS expectations for the company.

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