In a report released yesterday, Ashish Sabadra from RBC Capital maintained a Hold rating on Automatic Data Processing (ADP – Research Report), with a price target of $267.00. The company’s shares closed yesterday at $245.78.
Sabadra covers the Industrials sector, focusing on stocks such as Automatic Data Processing, Cintas, and Paychex. According to TipRanks, Sabadra has an average return of 3.6% and a 57.66% success rate on recommended stocks.
In addition to RBC Capital, Automatic Data Processing also received a Hold from Bank of America Securities’s Jason Kupferberg in a report issued yesterday. However, today, Barclays assigned a Buy rating to Automatic Data Processing (NASDAQ: ADP).
See Insiders’ Hot Stocks on TipRanks >>
ADP market cap is currently $101.1B and has a P/E ratio of 28.60.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on ADP:
