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 240 and 174 and has a mean target at 220.07. Now with the previous closing price of 229.2 this would imply there is a potential downside of -4.0%. The 50 day MA is 214.16 and the 200 day moving average is 216.47. The market cap for the company is $96,262m. Company Website: https://www.adp.com
The potential market cap would be $92,427m 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.
