Analyst Rating Update on Automatic Data Processing (ADP)

Automatic Data Processing (NASDAQ:ADP) : The consensus on Automatic Data Processing (NASDAQ:ADP) based on 17 analyst recommendation on the company stock is 2.82, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Automatic Data Processing (NASDAQ:ADP).

Automatic Data Processing (NASDAQ:ADP) : The highest level Automatic Data Processing (NASDAQ:ADP) is projected to reach is $100 for the short term and the lowest estimate is at $70. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $86.88 and the possibility the share price can swing is $9.79.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Argus Research maintains the rating on Automatic Data Processing (NASDAQ:ADP). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $96 per share to $98 per share. The rating by the firm was issued on May 3, 2016.

Automatic Data Processing (NASDAQ:ADP): stock turned positive on Tuesday. Though the stock opened at $86.31, the bulls momentum made the stock top out at $87.94 level for the day. The stock recorded a low of $85.95 and closed the trading day at $87.92, in the green by 2.64%. The total traded volume for the day was 2,531,140. The stock had closed at $85.66 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Corp. VP) of Automatic Data Processing Inc, OBrien Dermot J had sold 8,532 shares worth of $748,256 in a transaction dated June 7, 2016. In this transaction, 8,532 shares were sold at $87.7 per share.

Automatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions. These offerings include payroll services, benefits administration, recruiting and talent management, human resources management, insurance services, retirement services and payment and compliance solutions. The Companys PEO business, ADP TotalSource, offers small and mid-sized businesses human resources (HR) outsourcing solution through a co-employment model. ADP TotalSource includes HR management and employee benefits functions, including HR administration, employee benefits and employer liability management, into a single-source solution, including HR administration, employee benefits and employer liability management.

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