UBS Initiates Coverage on Paychex (PAYX) with a Buy; An Overlooked Story
Get Alerts PAYX Hot Sheet
Price: $121.23 --0%
Rating Summary:
3 Buy, 14 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 9 | New: 12
Rating Summary:
3 Buy, 14 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 9 | New: 12
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UBS initiates coverage on Paychex (Nasdaq: PAYX) with a Buy rating. PT $37.
UBS analyst says,�"PAYX's leverage to an improving US small to mid-sized business (SMB) backdrop (100% of revenues; new business formation is key), favorable impact of an eventual interest rate increase, and attractive yield (4.1%) are keys. Sentiment should improve for core SMB (small/medium business) customers, which traditionally lag, and we expect revenue and EPS upside that is not currently contemplated in consensus estimates."
"We enjoy finding compelling, outside the box opportunities—and love it when stocks are simply overlooked. In our view, PAYX is the dictionary definition of a “consensus neutral,” offering an opportunity to take an early position ahead of an eventual rise in interest rates, which should be a major upside catalyst for the shares."
To See Ratings Summary & History on PAYX, Click Here
UBS analyst says,�"PAYX's leverage to an improving US small to mid-sized business (SMB) backdrop (100% of revenues; new business formation is key), favorable impact of an eventual interest rate increase, and attractive yield (4.1%) are keys. Sentiment should improve for core SMB (small/medium business) customers, which traditionally lag, and we expect revenue and EPS upside that is not currently contemplated in consensus estimates."
"We enjoy finding compelling, outside the box opportunities—and love it when stocks are simply overlooked. In our view, PAYX is the dictionary definition of a “consensus neutral,” offering an opportunity to take an early position ahead of an eventual rise in interest rates, which should be a major upside catalyst for the shares."
To See Ratings Summary & History on PAYX, Click Here
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