In a report released today, Ramsey El Assal from Barclays maintained a Buy rating on Automatic Data Processing (ADP – Research Report), with a price target of $280.00. The company’s shares closed last Friday at $248.81.
According to TipRanks, El Assal is a 4-star analyst with an average return of 3.2% and a 54.25% success rate. El Assal covers the Technology sector, focusing on stocks such as Affirm Holdings, FLEETCOR Technologies, and Cognizant.
In addition to Barclays, Automatic Data Processing also received a Buy from Mizuho Securities’s Dan Dolev in a report issued on February 2. However, on January 31, RBC Capital maintained a Hold rating on Automatic Data Processing (NASDAQ: ADP).
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ADP market cap is currently $102.2B and has a P/E ratio of 28.96.
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Automatic Data Processing (ADP) Company Description:
Automatic Data Processing, Inc. is one of the leading providers of cloud-based human resources management solutions worldwide. The company has two operating business segments – Employer Services and Professional Employer Organization (PEO). Under the Employer Services segment, the company provides payroll, talent management, benefits administration, workforce management, HR management, insurance, retirement, and compliance services to clients with workforces ranging from a single employee to tens of thousands of staff members across the world. Under its PEO services division, it offers HR outsourcing solutions to small and mid-sized businesses through a co-employment model.
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