Paychex, Inc. (NASDAQ:PAYX) is one of the Best 52-Week Low Stocks to Invest In. Paychex, Inc. (NASDAQ:PAYX) is trading close to its 52-week lows. Recently, on January 26, Cantor Fitzgerald initiated the stock with a Sell Rating and a $98 price target. Earlier, on January 16, Charles Nabhan from Stephens reiterated a Hold rating on the stock with a $125 price target.
Analysts at Cantor Fitzgerald noted that they are skeptical of the stock based on the growth challenges faced by the company. The firm highlighted that the company struggles to boost its organic growth due to strong competition in the SMB market and also due to economic headwinds. While the firm acknowledged the recent acquisition of Payco as a strategic step, the benefits of the step towards improving organic growth remain unclear.
The Street has a mixed opinion on Paychex, Inc. (NASDAQ:PAYX) as 14% of the 21 analysts covering the stock have a Buy rating, but 19% analysts maintain a Sell rating. Analysts’ 12-month price target reflects 19% upside from the current level.
Paychex, Inc. (NASDAQ:PAYX) provides integrated human capital management solutions, primarily for small- to medium-sized businesses in the U.S. and parts of Europe.
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Disclosure: None. This article is originally published at Insider Monkey.
