Automatic Data Processing (ADP) Receives Price Target

Automatic Data Processing (ADP) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $110 and the lowest price target forecast is $70. The average forecast of all the analysts is $89.75 and the expected standard deviation is $13.13.

Automatic Data Processing (ADP) : 4 brokerage houses believe that Automatic Data Processing (ADP) is a Strong Buy at current levels. 9 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 17 Wall Street Analysts endorse the stock as a Hold with a rating of 2.94.


Also, Jefferies maintains its view on Automatic Data Processing (NASDAQ:ADP) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. Jefferies raises the price target from $75 per share to $81 per share on Automatic Data Processing . The rating by the firm was issued on August 1, 2016.

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 $90.02 and $89.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $90.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $90.63, notching a gain of 0.91% for the day. The total traded volume was 1,775,623 . The stock had closed at $89.81 on the previous day.

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.

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