Automatic Data Processing found using ticker (ADP) now have 16 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 257 and 199 with a mean TP of 233.38. With the stocks previous close at 206.85 this would indicate that there is a potential upside of 12.8%. The 50 day moving average now sits at 221.17 and the 200 day moving average is 218.09. The company has a market cap of $87,159m. You can visit the company’s website by visiting: https://www.adp.com
The potential market cap would be $98,337m 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.
