Automatic Data Processing with ticker code (ADP) have now 16 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 278 and 211 suggesting an average Analsyt target price of $242.81. Given that the stocks previous close was at $215.21 this indicates there is a potential upside of 12.8%. It’s also worth noting that there is a 50 day moving average of $218.70 while the 200 day moving average is $234.66. The total market capitalization for the company now stands at $89,388m. Visit the company website at: https://www.adp.com
The potential market cap would be $100,852m based on the market consensus.
Automatic Data Processing provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. Its offerings include payroll, benefits administration, talent management, HR management, workforce management, insurance, retirement, and compliance services, as well as integrated HCM solutions. The PEO Services segment provides HR outsourcing solutions to small and mid-sized businesses through a co-employment model. This segment offers benefits package, protection and compliance, talent engagement, expertise, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
The company has a dividend yield of 2.32% with the ex dividend date set at 8-6-2023 (DMY).
Other points of data to note are a P/E ratio of 28.69, revenue per share of 41.49 and a 4.58% return on assets.
