Impact of Brokerage Rating on Automatic Data Processing, Inc.(ADP)

Many Automatic Data Processing, Inc.(ADP) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Stifel on Jan 30, 2017 to Hold, Raises Price Target to $ 105 from a previous price target of $95 .Automatic Data Processing was Initiated by Barclays on Dec 20, 2016 to Overweight, Price Target of the shares are set at $115.Automatic Data Processing was Upgraded by Goldman to Buy on Dec 16, 2016.

Company has reported several Insider transactions to the SEC, on Feb 2, 2017, Edward B Iii Flynn (Corporate Vice President) sold 41,521 shares at 96.00 per share price.On Jan 31, 2017, John Ayala (Corp. VP) sold 24,028 shares at 101.44 per share price.On Jan 27, 2017, Thomas J Perrotti (Corp. VP) sold 957 shares at 103.46 per share price.

Automatic Data Processing Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.81. The company had revenue of $2987.30 million for the quarter, compared to analysts expectations of $3016.36 million. The companys revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Automatic Data Processing, Inc. (NASDAQ:ADP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.72 by 18 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 10 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.

Automatic Data Processing, Inc. (NASDAQ:ADP) shares are expected to touch $96.42 in the short term. This short term price target has been shared by 12 analysts. However, the standard deviation of short term price estimate has been valued at 14.09. The target price could hit $115 on the higher end and $70 on the lower end.

Automatic Data Processing, Inc. (NASDAQ:ADP) rose 0.87% or 0.86 points on Tuesday and made its way into the gainers of the day. After trading began at $98.42 the stock was seen hitting $99.6 as a peak level and $98.32 as the lowest level. The stock ended up at $99.44. The daily volume was measured at 1,615,005 shares. The 52-week high of the share price is $104.09 and the 52-week low is $81.74. The company has a market cap of $44,639 million.

Automatic Data Processing, Inc. is one of the largest providers of computerized transaction processing, data communication, and information services in the world. ADP Employer Services offers a comprehensive range of payroll, human resources, benefits administration, time and attendance, tax filing and reporting, professional employer organization, compliance management and retirement plan services to employers in the United States, Canada, Europe and Latin America.


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