Barclays analyst Ramsey El Assal maintained a Buy rating on Automatic Data Processing (ADP – Research Report) today and set a price target of $282.00. The company’s shares closed yesterday at $247.33.
According to TipRanks, El Assal is a 3-star analyst with an average return of 1.5% and a 52.10% success rate. El Assal covers the Technology sector, focusing on stocks such as Fiserv, Cognizant, and WEX.
Automatic Data Processing has an analyst consensus of Hold, with a price target consensus of $259.00.
The company has a one-year high of $255.10 and a one-year low of $201.56. Currently, Automatic Data Processing has an average volume of 1.79M.
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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.
