Analyst Ratings for Paylocity Holding Corp. (PCTY)

Updated: 2017-07-27

Analysts covering Paylocity Holding Corp. (NASDAQ:PCTY) have given it a consensus rating of Overweight. PCTY had previously received a consensus rating of Overweight a month ago.

A buy rating was issued by 8 analysts, 2 gave an overweight rating, 6 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.

Many analysts weighed in on price targets for PCTY. The most optimistic price target was 60, which equates to a potential upside of 25.1 percent. The minimum price target given was 40, implying a possible loss of -16.6 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -30.56 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 284.11 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

Analysts estimate earnings of PCTY to grow at a rate of 281.63 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. PCTY has a PEG ratio of 2.13.

In the trailing 52-weeks, PCTY hit 49.65 at the highest peak, while it's lowest trading point was 29.69. Currently the stock is 61.54 percent higher than its low, and 3.4 percent lower than its 52-week high. PCTY has a P/E ratio of 599.5. Investors typically compare the P/E ratio to a company's peers in the industry. The PCTY value stock report compares PCTY to some of its peers using value stock charts. The market cap of PCTY is $2.47 billion. PCTY is estimated to release their earnings results for the quarter on 0000-00-00, days from today.