why Ceridian HCM Holding Inc. [CDAY] is a Good Choice for Investors After New Price Target of $72.00

Ceridian HCM Holding Inc. [NYSE: CDAY] surged by $2.54 during the normal trading session on Monday and reaching a high of $69.89 during the day while it closed the day at $67.44. The company report on December 9, 2022 that Ceridian Study Finds Financial Stress Among North Americans Highest Since 2008.


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82% of employed North Americans think about personal finances at work, resulting in an estimated US$664B in lost productivity.

Ceridian HCM Holding Inc. stock has also gained 4.51% of its value over the past 7 days. However, CDAY stock has inclined by 11.90% in the 3 months of the year. Over the past six months meanwhile, it has gained 43.31% and lost -35.44% year-on date.

The market cap for CDAY stock reached $10.51 billion, with 153.19 million shares outstanding and 152.11 million shares in the current float. Compared to the average trading volume of 1.54M shares, CDAY reached a trading volume of 11513717 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Ceridian HCM Holding Inc. [CDAY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CDAY shares is $72.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CDAY stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Ceridian HCM Holding Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 31, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on September 01, 2022, representing the official price target for Ceridian HCM Holding Inc. stock. Previously, the target price had yet another raise to $85, while Credit Suisse analysts kept a Outperform rating on CDAY stock.

The Average True Range (ATR) for Ceridian HCM Holding Inc. is set at 3.74, with the Price to Sales ratio for CDAY stock in the period of the last 12 months amounting to 8.81. The Price to Book ratio for the last quarter was 5.04, with the Price to Cash per share for the same quarter was set at 2.62. Price to Free Cash Flow for CDAY in the course of the last twelve months was 138.04 with Quick ratio for the last quarter at 1.10.

CDAY stock trade performance evaluation

Ceridian HCM Holding Inc. [CDAY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.51. With this latest performance, CDAY shares gained by 6.61% in over the last four-week period, additionally plugging by 43.31% over the last 6 months – not to mention a drop of -35.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CDAY stock in for the last two-week period is set at 54.43, with the RSI for the last a single of trading hit 55.29, and the three-weeks RSI is set at 54.12 for Ceridian HCM Holding Inc. [CDAY]. The present Moving Average for the last 50 days of trading for this stock 62.56, while it was recorded at 64.72 for the last single week of trading, and 59.57 for the last 200 days.

Ceridian HCM Holding Inc. [CDAY]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Ceridian HCM Holding Inc. [CDAY] shares currently have an operating margin of -2.74 and a Gross Margin at +48.09. Ceridian HCM Holding Inc.’s Net Margin is presently recorded at -7.36.

Return on Equity for this stock declined to -3.49, with Return on Assets sitting at -1.09.

Ceridian HCM Holding Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Earnings per share (EPS) analysis for Ceridian HCM Holding Inc. [CDAY] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CDAY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ceridian HCM Holding Inc. go to 44.50%.

Ceridian HCM Holding Inc. [CDAY]: Insider Ownership positions

There are presently around $10,886 million, in the hands of institutional investors. The top three institutional holders of CDAY stocks are: SELECT EQUITY GROUP, L.P. with ownership of 21,500,521, which is approximately 4.197% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 18,417,839 shares of the stock with an approximate value of $1.24 billion in CDAY stocks shares; and VANGUARD GROUP INC, currently with $1.12 billion in CDAY stock with ownership of nearly 4.13% of the company’s market capitalization.

Positions in Ceridian HCM Holding Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 199 institutional holders increased their position in Ceridian HCM Holding Inc. [NYSE:CDAY] by around 11,096,267 shares. Additionally, 140 investors decreased positions by around 11,509,260 shares, while 33 investors held positions by with 138,814,398 shares. The mentioned changes placed institutional holdings at 161,419,925 shares, according to the latest SEC report filing. CDAY stock had 48 new institutional investments in for a total of 2,276,353 shares, while 42 institutional investors sold positions of 1,439,012 shares during the same period.

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