Automatic Data Processing with ticker code (ADP) have now 16 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 257 and 199 calculating the mean target price we have 233.38. With the stocks previous close at 207.48 this indicates there is a potential upside of 12.5%. The 50 day MA is 221.05 and the 200 moving average now moves to 218.15. The market capitalisation for the company is $87,221m. Find out more information at: https://www.adp.com
The potential market cap would be $98,109m 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.
