Automatic Data Processing found using ticker (ADP) have now 16 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 257 and 199 with the average target price sitting at 233.38. Now with the previous closing price of 210.58 this would imply there is a potential upside of 10.8%. The day 50 moving average is 216.98 and the 200 day moving average is 218.47. The market cap for the company is $91,399m. Company Website: https://www.adp.com
The potential market cap would be $101,295m based on the market concensus.
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. 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, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
