Automatic Data Processing, Inc. which can be found using ticker (ADP) now have 16 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 278 and 211 with the average target price sitting at $243.56. Given that the stocks previous close was at $217.25 and the analysts are correct then there would likely be a percentage uptick in value of 12.1%. It’s also worth noting that there is a 50 day moving average of $219.78 and the 200 day moving average is $234.57. The company has a market capitalization of $89,376m. You can visit the company’s website by visiting: https://www.adp.com
The potential market cap would be $100,200m based on the market consensus.
Automatic Data Processing, Inc. 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.
The company has a dividend yield of 2.32% with the ex dividend date set at 8-6-2023 (DMY).
Other points of data to note are a P/E ratio of 28.65, revenue per share of 41.49 and a 4.58% return on assets.
