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 yesterday at $245.78.
El Assal covers the Technology sector, focusing on stocks such as Affirm Holdings, FLEETCOR Technologies, and Cognizant. According to TipRanks, El Assal has an average return of 3.1% and a 54.45% success rate on recommended stocks.
Currently, the analyst consensus on Automatic Data Processing is a Hold with an average price target of $252.88, a 2.89% upside from current levels. In a report released on January 18, Mizuho Securities also maintained a Buy rating on the stock with a $255.00 price target.
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The company has a one-year high of $254.02 and a one-year low of $198.10. Currently, Automatic Data Processing has an average volume of 1.73M.
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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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