A Closer Look at 6 Analyst Recommendations For Ceridian HCM Holding
Portfolio Pulse from Benzinga Insights
In the last three months, 6 analysts have provided diverse ratings for Ceridian HCM Holding (NYSE:CDAY), with 4 bullish and 2 neutral. The average 12-month price target is $77.00, marking an 18.46% increase from the previous $65.00. Recent analyst actions include new buy ratings and a lowered neutral rating, with price targets ranging from $62.00 to $87.00. Ceridian HCM Holding, a cloud HCM provider, showed a revenue growth of 19.61% as of September 30, 2023, but has a net margin of -1.01% and ROE of -0.17%, indicating profitability challenges. The company's debt-to-equity ratio is 0.55, below the industry average.
January 10, 2024 | 1:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Analysts have a mixed outlook on CDAY, with 4 bullish and 2 neutral ratings. The average price target has increased to $77.00, suggesting potential upside. However, concerns about profitability may temper investor enthusiasm.
The increase in the average price target to $77.00 indicates a positive sentiment among analysts, which could lead to short-term price appreciation. However, the underlying concerns about net margin and ROE may limit the stock's upside potential. The relevance and importance are high due to direct analyst ratings and price target updates. Confidence is high as the analysis is based on recent analyst actions and company financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100