NASDAQ:PAYX - Paychex Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $87.67
  • Forecasted Upside: -3.74 %
  • Number of Analysts: 14
  • Breakdown:
  • 2 Sell Ratings
  • 9 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$91.07
▼ -0.34 (-0.37%)
1 month | 3 months | 12 months
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Analyst Price Target for PAYX

i We calculate 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). Our 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. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$87.67
▼ -3.74% Downside Potential
This price target is based on 14 analysts offering 12 month price targets for Paychex in the last 3 months. The average price target is $87.67, with a high forecast of $105.00 and a low forecast of $55.00. The average price target represents a -3.74% upside from the last price of $91.07.
Hold
The current consensus among 14 investment analysts is to hold stock in Paychex. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 2 buy ratings
  • 8 hold ratings
  • 2 sell ratings
9/7/2019
  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 2 sell ratings
12/6/2019
  • 0 strong buy ratings
  • 3 buy ratings
  • 6 hold ratings
  • 2 sell ratings
3/5/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 9 hold ratings
  • 2 sell ratings
6/3/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 8 hold ratings
  • 2 sell ratings
9/1/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 8 hold ratings
  • 2 sell ratings
11/30/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 9 hold ratings
  • 2 sell ratings
1/29/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 9 hold ratings
  • 2 sell ratings
2/28/2021

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 9 hold ratings
  • 2 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/5/2021Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon RussellBoost Price Target$93.00 ➝ $105.00N/A
i
1/5/2021Smith Barney CitigroupBoost Price Target$93.00 ➝ $105.00N/A
i
1/4/2021Deutsche Bank AktiengesellschaftBoost Price TargetHold$81.00 ➝ $98.00N/A
i
1/4/2021ArgusBoost Price TargetBuy$92.00 ➝ $103.00N/A
i
12/28/2020Moffett NathansonBoost Price Target$100.00 ➝ $105.00N/A
i
12/28/2020Bank of AmericaBoost Price Target$70.00 ➝ $81.00N/A
i
12/28/2020Wolfe ResearchBoost Price TargetMarket Perform$78.00 ➝ $92.00N/A
i
12/24/2020BMO Capital MarketsBoost Price TargetMarket Perform$82.00 ➝ $93.00N/A
i
12/24/2020Morgan StanleyBoost Price TargetEqual Weight$76.00 ➝ $91.00N/A
i
12/23/2020Jefferies Financial GroupReiterated RatingPositive ➝ Hold$85.00 ➝ $95.00N/A
i
12/18/2020Wells Fargo & CompanyInitiated CoverageOverweight$105.00Medium
i
10/15/2020ArgusBoost Price Target$83.00 ➝ $92.00Low
i
10/12/2020BarclaysBoost Price TargetEqual Weight$73.00 ➝ $83.00Medium
i
10/8/2020CitigroupUpgradeNeutral ➝ Buy$75.00 ➝ $93.00Low
i
10/7/2020BMO Capital MarketsBoost Price Target$74.00 ➝ $82.00Low
i
10/7/2020Deutsche Bank AktiengesellschaftBoost Price TargetHold$75.00 ➝ $81.00Low
i
10/7/2020Morgan StanleyBoost Price TargetEqual Weight$74.00 ➝ $76.00Low
i
8/17/2020JPMorgan Chase & Co.Boost Price TargetUnderweight$72.00 ➝ $78.00Low
i
7/14/2020The Goldman Sachs GroupInitiated CoverageSell$64.00Low
i
7/8/2020BMO Capital MarketsBoost Price TargetMarket Perform$70.00 ➝ $74.00Low
i
7/8/2020Morgan StanleyBoost Price TargetEqual Weight$68.00 ➝ $74.00Low
i
Rating by James Faucette at Morgan Stanley
7/8/2020CitigroupBoost Price TargetNeutral$65.00 ➝ $75.00Low
i
Rating by Ashwin Shirvaikar at Citigroup Inc.
7/7/2020Jefferies Financial GroupBoost Price TargetHold$68.00 ➝ $75.00Low
i
5/20/2020CowenBoost Price TargetMarket Perform$60.00 ➝ $65.00Medium
i
5/20/2020Morgan StanleyBoost Price TargetHold ➝ Equal Weight$64.00 ➝ $68.00Medium
i
Rating by James Faucette at Morgan Stanley
5/20/2020Deutsche Bank AktiengesellschaftLower Price TargetHold$80.00 ➝ $75.00Medium
i
3/26/2020BMO Capital MarketsLower Price TargetMarket Perform$87.00 ➝ $70.00Medium
i
3/26/2020Morgan StanleyBoost Price TargetEqual Weight$61.00 ➝ $65.00High
i
Rating by James Faucette at Morgan Stanley
3/26/2020Robert W. BairdLower Price TargetNeutral$87.00 ➝ $67.00High
i
3/25/2020Jefferies Financial GroupLower Price TargetHold$82.00 ➝ $68.00High
i
3/24/2020Morgan StanleyLower Price TargetEqual Weight$67.00 ➝ $61.00High
i
Rating by James Faucette at Morgan Stanley
3/24/2020Stifel NicolausLower Price TargetHold$87.00 ➝ $55.00High
i
3/18/2020JPMorgan Chase & Co.Lower Price TargetUnderweight$91.00 ➝ $70.00High
i
3/18/2020Morgan StanleyUpgradeUnderweight ➝ Equal Weight$74.00 ➝ $67.00High
i
3/18/2020CitigroupDowngradeBuy ➝ Neutral$65.00High
i
Rating by Peter Christiansen at Citigroup Inc.
1/14/2020CitigroupUpgradeNeutral ➝ Buy$84.00 ➝ $97.00Low
i
12/19/2019Robert W. BairdBoost Price TargetNeutral$83.00 ➝ $87.00Low
i
12/18/2019Jefferies Financial GroupReiterated RatingHold$84.00Low
i
10/7/2019BarclaysBoost Price TargetEqual Weight$80.00 ➝ $84.00High
i
10/3/2019ArgusReiterated RatingBuy$92.00Medium
i
9/11/2019CowenInitiated CoverageMarket Perform$74.00Low
i
8/15/2019Morgan StanleyDowngradeEqual Weight ➝ Underweight$77.00 ➝ $74.00High
i
6/27/2019William BlairReiterated RatingMarket PerformLow
i
Rating by T. Mchugh at William Blair
6/26/2019Bank of AmericaDowngradeNeutral ➝ UnderperformLow
i
4/30/2019Sanford C. BernsteinDowngradeMarket Perform ➝ UnderperformLow
i
4/1/2019BarclaysBoost Price TargetEqual Weight ➝ Equal Weight$78.00 ➝ $80.00Low
i
3/28/2019Credit Suisse GroupBoost Price TargetOutperform ➝ Outperform$82.00 ➝ $84.00Low
i
Rating by Kevin Mcveigh at Credit Suisse Group AG
1/8/2019Bank of AmericaUpgradeUnderperform ➝ Neutral$64.00 ➝ $68.00Low
i
12/20/2018BMO Capital MarketsReiterated RatingMarket PerformMedium
i
11/14/2018BarclaysInitiated CoverageEqual Weight$70.00Medium
i
10/4/2018Moffett NathansonInitiated CoverageNeutral ➝ Neutral$79.00Low
i
10/3/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$67.00 ➝ $73.00High
i
10/3/2018Deutsche Bank AktiengesellschaftBoost Price TargetHold ➝ Hold$68.00 ➝ $79.00High
i
10/3/2018Stifel NicolausBoost Price TargetHold ➝ Hold$69.00 ➝ $73.00High
i
10/3/2018CitigroupBoost Price TargetNeutral ➝ Neutral$67.00 ➝ $73.00High
i
10/3/2018BMO Capital MarketsBoost Price TargetMarket Perform ➝ Market Perform$70.00 ➝ $77.00High
i
10/2/2018Credit Suisse GroupUpgradeNeutral ➝ Buy$82.00Medium
i
Rating by Kevin Mcveigh at Credit Suisse Group AG
10/1/2018Jefferies Financial GroupInitiated CoverageHold$75.00High
i
8/20/2018GuggenheimInitiated CoverageNeutral$75.00Low
i
8/14/2018JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$65.00Medium
i
8/10/2018Credit Suisse GroupInitiated CoverageNeutral$72.00N/A
i
7/17/2018Wolfe ResearchInitiated CoverageMarket PerformLow
i
6/28/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$66.00 ➝ $67.00Low
i
6/28/2018Robert W. BairdBoost Price TargetNeutral ➝ Neutral$67.00 ➝ $70.00Low
i
6/28/2018Wells Fargo & CompanyBoost Price TargetMarket Perform ➝ Market Perform$64.00 ➝ $67.00Low
i
6/28/2018CitigroupBoost Price TargetNeutral ➝ Neutral$64.00 ➝ $67.00High
i
6/28/2018Stifel NicolausBoost Price TargetHold ➝ Hold$66.00 ➝ $69.00High
i
4/17/2018Bank of AmericaDowngradeNeutral ➝ UnderperformHigh
i
4/2/2018Royal Bank of CanadaReiterated RatingUnderperform ➝ Sector Perform$63.00Medium
i
4/2/2018Royal Bank of CanadaUpgradeUnderperform ➝ Sector Perform$63.00Medium
i
3/28/2018CitigroupLower Price TargetNeutral ➝ Neutral$67.00 ➝ $64.00Low
i
3/27/2018BarclaysLower Price TargetEqual Weight ➝ Equal Weight$75.00 ➝ $70.00Medium
i
3/27/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$68.00 ➝ $66.00High
i
3/27/2018JPMorgan Chase & Co.Lower Price TargetNeutral ➝ Neutral$69.00 ➝ $65.00High
i
3/27/2018BMO Capital MarketsLower Price TargetMarket Perform ➝ Positive$70.00 ➝ $63.00High
i
3/27/2018Stifel NicolausReiterated RatingHold ➝ Hold$68.00 ➝ $66.00Medium
i
1/24/2018BMO Capital MarketsReiterated RatingHold$70.00High
i
1/9/2018Bank of AmericaDowngradeBuy ➝ Neutral$73.00N/A
i
12/22/2017Stifel NicolausReiterated RatingHold$68.00Low
i
12/5/2017Bank of AmericaBoost Price TargetBuy ➝ Buy$68.00 ➝ $73.00Low
i
12/4/2017CitigroupUpgradeSell ➝ Neutral$67.00Medium
i
11/15/2017Royal Bank of CanadaReiterated RatingSell$57.00N/A
i
10/4/2017Morgan StanleyReiterated RatingEqual Weight$55.00 ➝ $59.00N/A
i
Rating by Danyal Hussain at Morgan Stanley
10/4/2017Wells Fargo & CompanyBoost Price TargetMarket Perform$58.00 ➝ $60.00Low
i
10/4/2017Bank of AmericaBoost Price TargetBuy$64.00 ➝ $68.00Low
i
10/4/2017BMO Capital MarketsReiterated RatingMarket Perform$60.00 ➝ $62.00Low
i
10/4/2017Royal Bank of CanadaReiterated RatingUnderperform ➝ Underperform$54.00 ➝ $57.00Low
i
10/4/2017Robert W. BairdReiterated RatingHold$64.00Low
i
10/2/2017CitigroupReiterated RatingSell$53.00Low
i
8/18/2017Stifel NicolausReiterated RatingHold$61.00Low
i
8/16/2017Morgan StanleyUpgradeUnderweight ➝ Equal Weight$55.00Medium
i
7/21/2017William BlairDowngradeOutperform ➝ Market PerformLow
i
Rating by T. Mchugh at William Blair
6/30/2017JPMorgan Chase & Co.Reiterated RatingNeutral$62.00 ➝ $60.00Low
i
6/30/2017Morgan StanleyLower Price TargetUnderweight$56.00 ➝ $55.00Low
i
6/30/2017Robert W. BairdLower Price TargetNeutral$63.00 ➝ $60.00Low
i
6/29/2017BMO Capital MarketsReiterated RatingHold$60.00Medium
i
6/20/2017The Goldman Sachs GroupDowngradeBuy ➝ Neutral$68.00 ➝ $64.00Low
i
6/6/2017WedbushReiterated RatingNeutral$65.00 ➝ $61.25Low
i
3/30/2017BMO Capital MarketsLower Price TargetMarket Perform$61.00 ➝ $60.00Low
i
3/21/2017Jefferies Financial GroupReiterated RatingSell$50.00Medium
i
1/21/2017Royal Bank of CanadaSet Price TargetSell$55.00N/A
i
Rating by Gary Bisbee at Royal Bank of Canada
1/11/2017Sanford C. BernsteinUpgradeUnderperform ➝ Market Perform$52.00 ➝ $59.00N/A
i
12/23/2016ArgusReiterated RatingBuy$70.00N/A
i
12/23/2016Wells Fargo & CompanyReiterated RatingMarket Perform$57.00 ➝ $61.00N/A
i
12/23/2016Deutsche Bank AktiengesellschaftReiterated RatingHold$56.00 ➝ $62.00N/A
i
12/22/2016Royal Bank of CanadaSet Price TargetSell$53.00 ➝ $54.00N/A
i
12/22/2016Compass PointBoost Price TargetSell$45.00 ➝ $48.00N/A
i
12/22/2016Royal Bank of CanadaBoost Price TargetUnderperform$53.00 ➝ $54.00N/A
i
12/21/2016Sanford C. BernsteinReiterated RatingUnderperform$52.00N/A
i
Rating by Lisa Elis at Sanford C. Bernstein
12/20/2016BarclaysInitiated CoverageEqual Weight$63.00N/A
i
12/16/2016The Goldman Sachs GroupUpgradeNeutral ➝ Buy$68.00N/A
i
9/8/2016WedbushInitiated CoverageNeutral$65.00N/A
i
Rating by M. Katri at Wedbush
8/23/2016Morgan StanleyReiterated RatingUnderweight$49.00N/A
i
7/12/2016Sanford C. BernsteinReiterated RatingUnderperform$40.00 ➝ $52.00N/A
i
Rating by Lisa Elis at Sanford C. Bernstein
7/11/2016Sanford C. BernsteinUpgradeSellN/A
i
Rating by Lisa Elis at Sanford C. Bernstein
7/6/2016Deutsche Bank AktiengesellschaftReiterated RatingHold$51.00 ➝ $56.00N/A
i
7/5/2016Jefferies Financial GroupReiterated RatingUnderperform$40.00N/A
i
7/5/2016BMO Capital MarketsReiterated RatingMarket Perform$55.00 ➝ $58.00N/A
i
7/1/2016ArgusReiterated RatingIn-Line ➝ Buy$59.50 ➝ $70.00N/A
i
5/16/2016Sterne Agee CRTReiterated RatingNeutralN/A
i
Rating by M. Katri at Sterne Agee CRT
4/15/2016Compass PointInitiated CoverageSell$45.00N/A
i
4/3/2016OppenheimerReiterated RatingBuyN/A
i
4/3/2016Royal Bank of CanadaReiterated RatingSell$50.00N/A
i
3/31/2016Bank of AmericaReiterated RatingSell$50.00N/A
i
3/31/2016Robert W. BairdReiterated RatingHoldN/A
i
3/31/2016CitigroupBoost Price TargetSell$48.00 ➝ $49.00N/A
i
(Data available from 2/28/2016 forward)
Paychex logo
Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small- to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, the company offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, it provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. The company markets and sells its services primarily through its direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.
Read More

Today's Range

Now: $91.07
$90.32
$92.00

50 Day Range

MA: $89.63
$86.87
$93.36

52 Week Range

Now: $91.07
$47.87
$99.95

Volume

2,404,146 shs

Average Volume

1,823,022 shs

Market Capitalization

$32.84 billion

P/E Ratio

31.08

Dividend Yield

2.71%

Beta

0.9

Frequently Asked Questions

What sell-side analysts currently cover shares of Paychex?

The following Wall Street research analysts have issued research reports on Paychex in the last year: Argus, Bank of America Co., Barclays PLC, BMO Capital Markets, Citigroup Inc., Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell, Cowen Inc, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group Inc., JPMorgan Chase & Co., Moffett Nathanson, Morgan Stanley, Robert W. Baird, Smith Barney Citigroup, Stifel Nicolaus, The Goldman Sachs Group, Inc., Wells Fargo & Company, and Wolfe Research.
View the latest analyst ratings for PAYX.

What is the current price target for Paychex?

18 Wall Street analysts have set twelve-month price targets for Paychex in the last year. Their average twelve-month price target is $87.67, suggesting a possible downside of 3.7%. Wells Fargo & Company has the highest price target set, predicting PAYX will reach $105.00 in the next twelve months. Stifel Nicolaus has the lowest price target set, forecasting a price of $55.00 for Paychex in the next year.
View the latest price targets for PAYX.

What is the current consensus analyst rating for Paychex?

Paychex currently has 2 sell ratings, 9 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in PAYX, but not buy more shares or sell existing shares.
View the latest ratings for PAYX.

What other companies compete with Paychex?

How do I contact Paychex's investor relations team?

Paychex's physical mailing address is 911 PANORAMA TRAIL SOUTH, ROCHESTER NY, 14625. The business services provider's listed phone number is 585-385-6666 and its investor relations email address is [email protected] The official website for Paychex is www.paychex.com.