Automatic Data Processing found using ticker (ADP) now have 16 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 257 and 199 calculating the mean target price we have 233.38. Given that the stocks previous close was at 216.52 this indicates there is a potential upside of 7.8%. The 50 day moving average now sits at 214.5 and the 200 moving average now moves to 219.14. The company has a market capitalisation of $90,764m. You can visit the company’s website by visiting: https://www.adp.com
The potential market cap would be $97,832m 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.
