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 analyst gave a price target of 60, implying a possible profit of 25.1 percent. The lowest price target was 40, implying potential capital losses of -16.6 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -30.56 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 284.11 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

PCTY has an estimated earnings growth rate of 281.63 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of PCTY is 2.13.

PCTY has a 52-week high of 49.65 and a 52-week low of 29.69. Today's price is 61.54 percent above the 52-week low, and 3.4 percent below the high. PCTY has a price/earnings 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 stock has a market capitalization of $2.47 billion. PCTY will post this quarters earnings in days, on 0000-00-00.