Automatic Data Processing (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 2.82 by 17 Brokerage Firm. 4 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.
Other Equity analysts have also commented on the company shares. Brokerage firm Argus Research maintains its rating on Automatic Data Processing (NASDAQ:ADP). As per the latest information, the brokerage house raises the price target to $98 per share from a prior target of $96. The shares have been rated Buy. The rating by the firm was issued on May 3, 2016.
Automatic Data Processing (NASDAQ:ADP): According to 8 Analysts, The short term target price has been estimated at $ 86.88.The target price could deviate by a maximum of $9.79 from the forecast price. In the near term, the target price could hit a high of $100 and a low of $ 70.
Automatic Data Processing (NASDAQ:ADP) rose 0.34% or 0.3 points on Tuesday and made its way into the gainers of the day. After trading began at $89.3 the stock was seen hitting $89.52 as a peak level and $88.92 as the lowest level. The stock ended up at $89.34. The daily volume was measured at 1,725,600 shares. The 52-week high of the share price is $91 and the 52-week low is $64.29. The company has a market cap of $40,697 million.
Shares of Automatic Data Processing, Inc. rose by 2.11% in the last five trading days and 5.17% for the last 4 weeks. Automatic Data Processing, Inc. is up 1.41% in the last 3-month period. Year-to-Date the stock performance stands at 6.76%.
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.