Automatic Data Processing with ticker code (ADP) now have 16 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 240 and 174 with the average target price sitting at 219.64. Given that the stocks previous close was at 209.43 this would imply there is a potential upside of 4.9%. The day 50 moving average is 214.58 and the 200 moving average now moves to 213.24. The market capitalisation for the company is $87,063m. Find out more information at: https://www.adp.com
The potential market cap would be $91,307m 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.
