Ceridian HCM Holding Inc. (NYSE:CDAY) Receives $76.38 Average PT from Analysts

Ceridian HCM Holding Inc. (NYSE:CDAY) has earned an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $76.38.

A number of brokerages have recently weighed in on CDAY. Robert W. Baird reiterated an “outperform” rating and issued a $86.00 price target on shares of Ceridian HCM in a report on Friday, January 19th. Stifel Nicolaus began coverage on shares of Ceridian HCM in a research report on Wednesday, January 10th. They issued a “buy” rating and a $75.00 price target on the stock.

Hedge Funds Weigh In On Ceridian HCM

Hedge funds and other institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new stake in Ceridian HCM during the 3rd quarter valued at $36,000. West Tower Group LLC bought a new stake in shares of Ceridian HCM during the fourth quarter valued at about $39,000. Advisors Asset Management Inc. acquired a new stake in Ceridian HCM in the first quarter worth about $41,000. Cary Street Partners Investment Advisory LLC bought a new position in Ceridian HCM in the 3rd quarter valued at about $44,000. Finally, Desjardins Global Asset Management Inc. increased its stake in Ceridian HCM by 68.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 723 shares of the company’s stock valued at $49,000 after buying an additional 294 shares during the period.

Ceridian HCM Stock Performance

Shares of Ceridian HCM stock opened at $60.95 on Tuesday. The firm has a market cap of $9.52 billion, a PE ratio of 2,031.67, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Ceridian HCM has a 1 year low of $55.62 and a 1 year high of $79.66. The firm’s 50-day simple moving average is $67.25 and its 200-day simple moving average is $67.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.09.

About Ceridian HCM

Ceridian HCM Holding Inc, together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources, payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market.