Stifel Nicolaus Initiates Coverage on Ceridian HCM

CDAYDelisted Stock  USD 68.42  0.65  0.94%   
Slightly above 62% of Ceridian HCM's investor base is looking to short. The analysis of current outlook of investing in Ceridian HCM Holding suggests that many traders are alarmed regarding Ceridian HCM's prospects. Ceridian HCM's investing sentiment can be driven by a variety of factors including economic data, Ceridian HCM's earnings reports, geopolitical events, and overall market trends.
  
Stock analysts at Stifel Nicolaus assumed coverage on shares of Ceridian HCM in a report released on Wednesday, Briefing.com reports. The firm set a buy rating and a 75.00 price target on the stock. Stifel Nicolaus target price points to a potential upside of 13.81 percent from the companys current price.

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Ceridian HCM Fundamental Analysis

We analyze Ceridian HCM's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ceridian HCM using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ceridian HCM based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Target Price

Target Price Comparative Analysis

Ceridian HCM is currently under evaluation in target price category among its peers.

Ceridian HCM Holding Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ceridian HCM stock to make a market-neutral strategy. Peer analysis of Ceridian HCM could also be used in its relative valuation, which is a method of valuing Ceridian HCM by comparing valuation metrics with similar companies.

Peers

Ceridian HCM Related Equities

ETWOE2open Parent   5.20   
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CVLTCommVault Systems   4.24   
0%
81.0%
AGYSAgilysys   2.82   
0%
54.0%
CWANClearwater Analytics   2.39   
0%
45.0%
ENFNEnfusion   2.23   
0%
42.0%
PCTYPaylocity Holdng   2.13   
0%
40.0%
ALKTAlkami Technology   1.71   
0%
32.0%
MANHManhattan Associates   1.49   
0%
28.0%
PYCRPaycor HCM   1.09   
0%
20.0%
ANSSANSYS   0.69   
0%
13.0%
GWREGuidewire Software   0.55   
0%
10.0%
AZPNAspen Technology   0.40   
0%
7.0%
ROPRoper Technologies,   0.17   
0%
3.0%
PAYCPaycom Soft   1.74   
33.0%
0%
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Other Consideration for investing in Ceridian Stock

If you are still planning to invest in Ceridian HCM Holding check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ceridian HCM's history and understand the potential risks before investing.
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