Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day down 0.5%. By the end of trading, Paychex rose $0.60 (1.4%) to $42.52 on average volume. Throughout the day, 3,489,647 shares of Paychex exchanged hands as compared to its average daily volume of 2,462,600 shares. The stock ranged in a price between $41.75-$43.56 after having opened the day at $43.22 as compared to the previous trading day's close of $41.92. Other companies within the Services sector that increased today were:
), up 14.3%,
), up 13.0%,
), up 12.2% and
), up 10.0%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Paychex, Inc., together with its subsidiaries, provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. Paychex has a market cap of $15.5 billion and is part of the diversified services industry. Shares are down 7.9% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Paychex a buy, 4 analysts rate it a sell, and 13 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Paychex Ratings Report.
On the negative front,
), down 20.2%,
), down 16.7%,
), down 15.7% and
), down 13.6% , were all laggards within the services sector with
) being today's services sector laggard.
- Use our services section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider
) while those bearish on the services sector could consider
- Find other investment ideas from our top rated ETFs lists.