Needham analyst Scott Berg maintained a Buy rating on Ceridian HCM Holding (CDAY) today and set a price target of $60.00. The company’s shares closed last Monday at $47.76.
According to TipRanks.com, Berg is a 5-star analyst with an average return of 6.7% and a 54.3% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and Bill.com Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ceridian HCM Holding with a $75.69 average price target, representing a 64.3% upside. In a report issued on March 11, Jefferies also maintained a Buy rating on the stock with a $80.00 price target.
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Ceridian HCM Holding’s market cap is currently $6.92B and has a P/E ratio of 90.35. The company has a Price to Book ratio of 3.66.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CDAY in relation to earlier this year.
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Ceridian HCM Holding, Inc. engages in the development of human capital management software. It offers Dayforce, Powerpay, and Bureau products and services. The Dayforce provides human resources (HR), payroll, benefits, workforce management, and talent management functionality.
