Automatic Data Processing (ADP) : 4 brokerage houses believe that Automatic Data Processing (ADP) is a Strong Buy at current levels. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Automatic Data Processing (ADP). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 18 Wall Street Analysts endorse the stock as a Hold with a rating of 2.94.
Automatic Data Processing (ADP) : 9 Wall Street analysts covering Automatic Data Processing (ADP) believe that the average level the stock could reach for the short term is $89.78. The maximum price target given is $110 and the minimum target for short term is around $70, hence the standard deviation is calculated at $12.29.
Company shares have received an average consensus rating of Hold for the current week Automatic Data Processing (NASDAQ:ADP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $90.09 and $90.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $90.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $90.40, notching a gain of 0.40% for the day. The total traded volume was 1,375,864 . The stock had closed at $90.04 on the previous day.
In a related news,The officer (Corp. VP) of Automatic Data Processing Inc, Dyson Deborah L sold 898 shares at $88.06 on August 1, 2016. The Insider selling transaction had a total value worth of $79,078. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Automatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions. These offerings include payroll services, benefits administration, recruiting and talent management, human resources management, insurance services, retirement services and payment and compliance solutions. The Companys PEO business, ADP TotalSource, offers small and mid-sized businesses human resources (HR) outsourcing solution through a co-employment model. ADP TotalSource includes HR management and employee benefits functions, including HR administration, employee benefits and employer liability management, into a single-source solution, including HR administration, employee benefits and employer liability management.