Automatic Data Processing (ADP – Research Report) received a Hold rating and price target from Wolfe Research analyst Darrin Peller yesterday. The company’s shares closed yesterday at $233.66.
Peller covers the Technology sector, focusing on stocks such as Fidelity National Info, Block, and DXC Technology. According to TipRanks, Peller has an average return of 10.0% and a 64.01% success rate on recommended stocks.
Currently, the analyst consensus on Automatic Data Processing is a Hold with an average price target of $251.27.
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ADP market cap is currently $96.11B and has a P/E ratio of 27.76.
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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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