Ceridian HCM stock: buy or sell?
August 23rd, 2019
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:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-19||Jefferies Financial Group||Hold||Buy|
|2019-7-31||Robert W. Baird||n/a||Outperform|
|2019-7-31||Jefferies Financial Group||Positive||Hold|
|2019-7-31||Credit Suisse Group||n/a||Neutral|
|2019-4-30||Piper Jaffray Companies||Overweight||Positive|
|2019-2-7||Piper Jaffray Companies||n/a||Overweight|
|2019-2-7||Needham & Company LLC||n/a||Buy|
|2019-2-7||Mitsubishi UFJ Financial Group||n/a||Overweight|
|2019-2-1||Goldman Sachs Group||n/a||Neutral|
|2019-1-3||Needham & Company LLC||n/a||Buy|
Ceridian HCM stock analysis
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%).
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%).
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 $54.40Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-19||Jefferies Financial Group||Upgrades||$58.00||$65.00||12.1%|
|2019-7-31||Robert W. Baird||Reiterates||$48.00||$58.00||20.8%|
|2019-7-31||Jefferies Financial Group||Reiterates||$52.00||$58.00||11.5%|
|2019-7-31||Credit Suisse Group||Raises Target||$45.00||$52.00||15.6%|
|2019-4-30||Piper Jaffray Companies||Raises Target||$50.00||$65.00||30%|
|2019-2-7||Piper Jaffray Companies||Reiterates||n/a||$50.00||-|
|2019-2-7||Needham & Company LLC||Raises Target||n/a||$53.00||-|
|2019-2-7||Mitsubishi UFJ Financial Group||Raises Target||n/a||$49.00||-|
|2019-1-3||Needham & Company LLC||Initiates||n/a||$40.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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.
|2015||$694 M||-||$-104.70 M-15.1%||-|
|2016||$623 M||-10.16%||$-92.90 M-14.9%||-11.27%|
|2017||$671 M||7.60%||$-9.20 M-1.4%||-90.10%|
|2018||$746 M||11.27%||$-63.40 M-8.5%||589.13%|
Quarterly financial resultsCeridian 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.
|2017-Q2||$177 M||-||$-22.90 M-13.0%||-|
|2017-Q3||$185 M||4.36%||$-19.20 M-10.4%||-16.16%|
|2017-Q4||$262 M||42.17%||$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 M||0.17%||$4.40 M2.4%||-106.72%|
|2018-Q4||$200 M||11.53%||$-0.20 M-0.1%||-104.55%|
|2019-Q1||$204 M||1.70%||$11.20 M5.5%||-5,700.00%|
Ceridian HCM ownershipWhen 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:
|Market cap||$7.8 B|
|Total shares||136.7 M|
|Float shares||79.5 M|
|- Institutional holdings (%)||80.4%|
|- Insider holdings (%)||24.1%|
|Shares in short selling||0.0%|
Ceridian HCM summary
|Friday, August 23rd, 2019|
|Day range||$56.72 - $58.95|
|Average true range||$2.04|
|50d mov avg||$51.40|
|100d mov avg||$50.97|
|200d mov avg||$46.28|
Ceridian HCM performanceTo 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 .