NASDAQ:PAYX - Paychex Price Target & Analyst Ratings

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

13 Wall Street analysts have issued ratings and price targets for Paychex in the last 12 months. Their average twelve-month price target is $76.0909, suggesting that the stock has a possible downside of 6.60%. The high price target for PAYX is $84.00 and the low price target for PAYX is $68.00. There are currently 3 sell ratings, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."

Paychex (NASDAQ:PAYX) Consensus Price Target History

Paychex (NASDAQ:PAYX) Analyst Ratings History

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
8/15/2019	Morgan Stanley	Downgrade	Equal Weight ➝ Underweight	$77.00 ➝ $74.00	High
6/27/2019	William Blair	Reiterated Rating	Market Perform		Low
6/26/2019	Bank of America	Downgrade	Neutral ➝ Underperform		Low
4/30/2019	Sanford C. Bernstein	Downgrade	Market Perform ➝ Underperform		Low
4/1/2019	Barclays	Boost Price Target	Equal Weight ➝ Equal Weight	$78.00 ➝ $80.00	Low
3/28/2019	Credit Suisse Group	Boost Price Target	Outperform ➝ Outperform	$82.00 ➝ $84.00	Low
12/20/2018	BMO Capital Markets	Reiterated Rating	Market Perform		Medium
10/4/2018	Moffett Nathanson	Initiated Coverage	Neutral ➝ Neutral	$79.00	Low
10/3/2018	Deutsche Bank	Boost Price Target	Hold ➝ Hold	$68.00 ➝ $79.00	High
10/3/2018	Stifel Nicolaus	Boost Price Target	Hold ➝ Hold	$69.00 ➝ $73.00	High
10/3/2018	Citigroup	Boost Price Target	Neutral ➝ Neutral	$67.00 ➝ $73.00	High
10/1/2018	Jefferies Financial Group	Initiated Coverage	Hold	$75.00	High
8/20/2018	Guggenheim	Initiated Coverage	Neutral	$75.00	Low
8/14/2018	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight	$65.00	Medium
7/17/2018	Wolfe Research	Initiated Coverage	Market Perform		Low
6/28/2018	Robert W. Baird	Boost Price Target	Neutral ➝ Neutral	$67.00 ➝ $70.00	Low
6/28/2018	Wells Fargo & Co	Boost Price Target	Market Perform ➝ Market Perform	$64.00 ➝ $67.00	Low
4/2/2018	Royal Bank of Canada	Reiterated Rating	Underperform ➝ Sector Perform	$63.00	Medium

(Data available from 8/18/2017 forward)