6 Reasons Why You Should Invest In Paychex (PAYX) Stock Now
Zacks Investment Research | Nov 25, 2018 09:47PM ET
A prudent investment decision involves buying well-performing stocks at the right time while selling those that are at risk. Rise in share price and strong fundamentals signal a stock’s bullish run.
Paychex, Inc. (NASDAQ:PAYX) is an outsourcing stock that has performed well so far this year and has the potential to sustain the momentum in the near term.
What Makes it an Attractive Pick?
An Outperformer: The company has outperformed the Zacks S&P 500 composite over the past year. The stock returned 4% compared with 1% increase recorded by the index.
Solid Zacks Rank: Paychex currently carries a Zacks Rank #2 (Buy). Our research shows that stocks with a Zacks Rank #1 (Strong Buy) or #2 offer attractive investment opportunities for investors. Thus, the company appears to be a compelling investment proposition at the moment.
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