Ceridian HCM stock: buy or sell?

CDAY stock price: $57.06 -1.72% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

4

After climbing for 4 days, Friday Ceridian HCM dropped a tragic -1.72%, closing at $57.06. On August/14 CDAY plunged a bloodcurdling -6.07%.

Should I buy Ceridian HCM stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

These 2 buy setups match with Ceridian HCM stock right 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?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 10 ratings published for CDAY stock in the last 30 days.

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
2019-8-19Jefferies 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
2019-1-3Needham & Company LLCn/aBuy

Ceridian HCM stock analysis

Daily outlook

After several days of continuous rises in past weeks, Ceridian HCM dropped -1.72% to $57.06.

Ceridian HCM set new all time highs back again today, marking to $58.95. Shares closed at $57.06 and dropped -1.72%. On Monday CDAY price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. Since last August 13th when SMA50d and SMA100d crossed up, CDAY price gained $4.35 per share (8.25%).

CDAY stock chart (daily)

Weekly outlook

Ceridian HCM skyrocketed 12.68% this week and touched a new all time high at $58.95.

Ceridian HCM stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, CDAY might consolidate in a flat-base, waiting to break out over or down under . This week CDAY price bounced up over the SMA of 20 weeks that acted as support stopping new slides. Since SMA10d and SMA20w crossed up early August, CDAY price climbed $4.40 per share (8.36%).

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 97.40%, with a yearly average of 97.40%. If you had invested $1,000 in Ceridian HCM stock in 2018, it would worth $974.00 today.

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

Ceridian HCM stock historical price chart

CDAY stock reached all-time highs today with a price of $58.95.

Ceridian HCM stock price target is $54.40

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 9 price forecasts for CDAY stock:
CDAY stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
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-
2019-1-3Needham & Company LLCInitiatesn/a$40.00-
(in average)$50.60$54.408.0%
The price forecast for Ceridian HCM stock is $54.40, moving in a range between $65.00 and $40.00. In average, analysts' outlook on CDAY price target is positive, increasing the prediction by a 8.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Ceridian HCM didn't meet the expectations of the experts and posted a rough EPS of $0.07 per share when experts were expecting $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 wonderful increase of 11.27% to $746.40 million USD. Nonetheless, its profit margin (compared to sales) slipped to -8.49%, that is $-63.40 million.

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 posted $200.30 million in sales for 2018-Q4, a 11.53% improvement 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 hair-raising decrease and plummed a -23.64%. Looking back to recent quarterly results, Ceridian HCM posted 2 positive 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 buy a company, it's always worth to check its ownership structure.

Ceridian HCM shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 24.12% of all shares.

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

For a better understanding, the next table shows ownership data compared to other related companies:

CDAY
Market cap$7.8 B
Total shares136.7 M
Float shares79.5 M
  - Institutional holdings (%)80.4%
  - Insider holdings (%)24.1%
Shares in short selling0.0%

Ceridian HCM summary

Friday, August 23rd, 2019
Open$58.05
Close$57.06
Day range$56.72 - $58.95
Previous close$58.06
Session gain-1.72%
Average true range$2.04
50d mov avg$51.40
100d mov avg$50.97
200d mov avg$46.28
Daily pattern
Weekly pattern lt06a

Ceridian HCM performance

To better understand Ceridian HCM performance you must becnhmark its gains with other related stocks in same sector or industry. For Ceridian HCM, the benchmark is made against .
Stock3m6m12m
CDAYCeridian HCM12.21%17.89%50.79%

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.