Robert W. Baird analyst Mark Marcon maintained a Hold rating on Paychex (NASDAQ:PAYX) on Friday, setting a price target of $120, which is approximately 4.21% above the present share price of $115.15.
Marcon expects Paychex to post earnings per share (EPS) of $0.93 for the fourth quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Hold rating of shares in Paychex, with an average price target of $115.7.
The analysts price targets range from a high of $125 to a low of $105.
In its latest earnings report, released on 08/31/2021, the company reported a quarterly revenue of $1.08 billion and a net profit of $442.9 million. The company's market cap is $41.53 billion.
According to TipRanks.com, Robert W. Baird analyst Mark Marcon is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 31.4% and a 80.42% success rate.
Paychex, Inc. is one of the leading providers of integrated human capital management solutions in the United States and Europe. The company offers human resource, payroll, retirement, and insurance services for organizations of any size, from startup to enterprise.