Ceridian HCM stock: buy or sell?

CDAY stock price: $72.73 -0.12% At close on January 17th, 2020

Updated on:
January 17th, 2020

4

Ceridian HCM stayed constant -0.12% to $72.73 after yesterday all time highs.

Should I buy Ceridian HCM stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, 2 buy setups match with Ceridian HCM stock now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Ceridian HCM stock a buy?

Financial institutions and banks post stock ratings everyday. At Stocks2.com, we gathered 10 ratings published for CDAY stock in the last month.

The general sentiment of these ratings is bullish for CDAY stock, with 6 positive ratings.
Is CDAY a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-11Cantor Fitzgeraldn/aOverweight
2019-8-19Jefferies Financial GroupHoldBuy
2019-7-31Robert W. Bairdn/aOutperform
2019-7-31Jefferies Financial GroupPositiveHold
2019-7-31Credit Suisse Groupn/aNeutral
2019-4-30Piper Jaffray CompaniesOverweightPositive
2019-2-7Piper Jaffray Companiesn/aOverweight
2019-2-7Needham & Company LLCn/aBuy
2019-2-7Mitsubishi UFJ Financial Groupn/aOverweight
2019-2-1Goldman Sachs Groupn/aNeutral

Ceridian HCM stock analysis

Daily outlook

After climbing to all-time highs several times in past weeks, Ceridian HCM stayed constant -0.12% to $72.73.

After yesterday all time highs, Ceridian HCM stayed steady to $72.73. Since November when CDAY stock price broke up the SMA200d line, it gained $23.22 (46.90%). From a daily perspective, CDAY is in a short term uptrend after plotting its last bottom ($61.31, on Dec/12) higher than the previous bottom, and its last top ($73.95, on Jan 16th) also over the previous top. Now trading in between its last bottom and last top CDAY might consolidate in a plain range, waiting to break out over $73.95 or down under $61.31. Since SMA50d and SMA100d crossed up on Dec 12th, CDAY price climbed $10.69 per share (17.23%). On Jan 16th, CDAY hit a new all time high, pushing higher than on Wednesday tops. Check different trading setups that use ATHs as triggers.

CDAY stock chart (daily)

Weekly outlook

Shares of Ceridian HCM ended this week at $72.73 after topping to a new all time high ($73.95) and stepped up a decent 1.73%. For 5 weeks in a row, price soared and marked a profit of 16.36%.

Since price and SMA40w lines crossed up early November, CDAY climbed $23.22 (46.90%). Early December, SMA10w and SMA20w crossed up triggering a rise of 20.49%.

CDAY stock chart (weekly)

Ceridian HCM stock price history

Ceridian HCM stock went public on April 26th, 2018 with a price of $28.901. Since then, CDAY stock surged a 151.70%, with an average of 151.70% per year. If you had invested right after CDAY's IPO a $1,000 in Ceridian HCM stock in 2018, it would worth $1,517.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Ceridian HCM stock historical price chart

CDAY stock reached all-time highs on January 16th with a price of $73.95.

Ceridian HCM stock price target is $57.20

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 9 price targets for CDAY stock released in the last month:
CDAY stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-11Cantor FitzgeraldInitiatesn/a$65.00-
2019-8-19Jefferies Financial GroupUpgrades$58.00$65.0012.1%
2019-7-31Robert W. BairdReiterates$48.00$58.0020.8%
2019-7-31Jefferies Financial GroupReiterates$52.00$58.0011.5%
2019-7-31Credit Suisse GroupRaises Target$45.00$52.0015.6%
2019-4-30Piper Jaffray CompaniesRaises Target$50.00$65.0030%
2019-2-7Piper Jaffray CompaniesReiteratesn/a$50.00-
2019-2-7Needham & Company LLCRaises Targetn/a$53.00-
2019-2-7Mitsubishi UFJ Financial GroupRaises Targetn/a$49.00-
(in average)$50.60$57.2013.0%
Moving in a range from $65.00 and $49.00, the price forecast for CDAY stock is $57.20. In average, analysts' outlook on CDAY price forecast is positive, increasing the target by a 13.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Ceridian HCM let down analysts on February when it posted an Earnings per Share (EPS) of $0.07 when the market consensus was $0.08.
CDAY earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q4-n/an/an/a
2018-Q12018-05-22n/a-0.11n/a
2018-Q22018-08-08-0.2-0.15n/a
2018-Q32018-10-290.020.05150.0%
2018-Q42019-02-060.080.07-12.5%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw a superb growth of 11.27% to $746.40 million dollars. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) fell a -7.12% to -8.49%.

CDAY annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2015$694 M-$-104.70 M-15.1%-
2016$623 M-10.16%$-92.90 M-14.9%-11.27%
2017$671 M7.60%$-9.20 M-1.4%-90.10%
2018$746 M11.27%$-63.40 M-8.5%589.13%

Quarterly financial results

Ceridian HCM reported $200.30 M in sales for 2018-Q4, a 11.53% up compared to previous quarter. Reported quarter earnings marked $-0.20 M with a profit margin of -0.10%. Profit margin slightly fell a -2.55% compared to previous quarter when profit margin was 2.45%. When comparing turnover to same quarter last year, Ceridian HCM sales marked a spooky decrease and plunged a -23.64%. Looking back to recent quarterly results, Ceridian HCM posted 2 negative quarters in a row.
CDAY quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$177 M-$-22.90 M-13.0%-
2017-Q3$185 M4.36%$-19.20 M-10.4%-16.16%
2017-Q4$262 M42.17%$45.00 M17.2%-334.38%
2018-Q1$209 M-20.36%$-2.10 M-1.0%-104.67%
2018-Q2$179 M-14.17%$-65.50 M-36.5%3,019.05%
2018-Q3$180 M0.17%$4.40 M2.4%-106.72%
2018-Q4$200 M11.53%$-0.20 M-0.1%-104.55%
2019-Q1$204 M1.70%$11.20 M5.5%-5,700.00%

Ceridian HCM ownership

When you are planning to invest in shares of a company, it's worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Ceridian HCM, 21.89% of all outstanding shares are owned by its staff.

Bearish positions for CDAY stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Ceridian HCM:

CDAY
Market cap$10.5 B
Total shares144.0 M
Float shares92.5 M
  - Institutional holdings (%)83.6%
  - Insider holdings (%)21.9%
Shares in short selling0.0%

Ceridian HCM summary

Friday, January 17th, 2020
Open$73.30
Close$72.73
Day range$72.19 - $73.50
Previous close$72.82
Session gain-0.12%
Average true range$1.47
50d mov avg$63.24
100d mov avg$56.66
200d mov avg$53.84
Daily patternlt06a
Weekly pattern

Ceridian HCM performance

To better understand Ceridian HCM performance you must compare its gains with other related stocks in same sector or industry. We picked as the bechmarking frame for Ceridian HCM stock.
Stock3m6m12m
CDAYCeridian HCM62.56%50.70%90.24%

Ceridian HCM competitors

Unfortunately, we could not find any public company that could be defined as Ceridian HCM competitor. This doesn't mean Ceridian HCM does not have any competitor in the market, it's just we could not detected it.