In the last three months, 6 analysts have published ratings on Ceridian HCM Holding (NYSE:CDAY), offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 0 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 2 | 0 | 0 |
Analysts have recently evaluated Ceridian HCM Holding and provided 12-month price targets. The average target is $77.0, accompanied by a high estimate of $87.00 and a low estimate of $62.00. This upward trend is apparent, with the current average reflecting a 18.46% increase from the previous average price target of $65.00.
Deciphering Analyst Ratings: An In-Depth Analysis
A clear picture of Ceridian HCM Holding's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brad Reback | Stifel | Announces | Buy | $75.00 | - |
| Scott Berg | Needham | Maintains | Buy | $82.00 | - |
| Kevin Mcveigh | UBS | Announces | Buy | $87.00 | - |
| Mark Murphy | JP Morgan | Lowers | Neutral | $62.00 | $65.00 |
| Scott Berg | Needham | Maintains | Buy | $82.00 | - |
| Kevin Kumar | Goldman Sachs | Announces | Neutral | $74.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Ceridian HCM Holding. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Ceridian HCM Holding compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Ceridian HCM Holding's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Ceridian HCM Holding's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Ceridian HCM Holding analyst ratings.
Get to Know Ceridian HCM Holding Better
Ceridian HCM provides payroll and human capital management solutions targeting clients with 100-100,000 employees. Following the 2012 acquisition of Dayforce, Ceridian pivoted away from its legacy on-premises Bureau business to become a cloud HCM provider. As of fiscal 2022, about 80% of group revenue was derived from the flagship Dayforce platform geared toward enterprise clients. The remaining revenue is about evenly split between cloud platform Powerpay, targeting small businesses in Canada, and legacy Bureau products.
Ceridian HCM Holding's Financial Performance
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Ceridian HCM Holding displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 19.61%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -1.01%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Ceridian HCM Holding's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -0.17%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.04%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Ceridian HCM Holding's debt-to-equity ratio is below the industry average. With a ratio of 0.55, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.