Automatic Data Processing with ticker code (ADP) have now 17 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 285 and 213 calculating the mean target price we have 252.35. Now with the previous closing price of 233.63 this indicates there is a potential upside of 8.0%. The 50 day MA is 249.5 and the 200 day MA is 233.27. The market cap for the company is $99,625m. Company Website: https://www.adp.com
The potential market cap would be $107,608m 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, as well as integrated HCM solutions. 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, expertise, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
