Put High-Yield Paychex, Inc. On Your Watchlist 

Key Points

  • Paychex outperformed expectations, but the response was muted due to a need for more. 
  • The dividend is safe and yields 2.7%. 
  • Guidance is positive but may not spark a rally until later in the year. 
  • 5 stocks we like better than Paychex

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Should you invest $1,000 in Paychex right now?

Before you consider Paychex, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paychex wasn't on the list.

While Paychex currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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MarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Automatic Data Processing (ADP)
4.3806 of 5 stars
$243.82+0.3%2.30%28.38Hold$258.36
Cintas (CTAS)
4.6721 of 5 stars
$664.38-0.3%0.81%45.88Moderate Buy$661.21
Paychex (PAYX)
4.635 of 5 stars
$120.63+0.6%2.95%26.28Reduce$123.00
Compare These Stocks  Add These Stocks to My Watchlist 

Thomas Hughes

About Thomas Hughes

  • tmhughes.writeon@gmail.com

Contributing Author

Technical and Fundamental Analysis

Experience

Thomas Hughes has been a contributing writer for MarketBeat since 2019.

Areas of Expertise

Technical analysis, the S&P 500; retail, consumer, consumer staples, dividends, high-yield, small caps, technology, economic data, oil, cryptocurrencies

Education

Associate of Arts in Culinary Technology

Past Experience

Market watcher, trader and investor for numerous websites. Founded Passive Market Intelligence LLC to provide market research insights. 


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