Automatic Data Processing with ticker code (ADP) have now 15 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 188 and 132 with a mean TP of 156.07. Now with the previous closing price of 145.48 this would imply there is a potential upside of 7.3%. The 50 day MA is 149.09 and the 200 day MA is 152.05. The market cap for the company is $63,864m. Company Website: http://www.adp.com
Automatic Data Processing provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. 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 through a co-employment model. This segment offers 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.