Automatic Data Processing Receives Average Rating of “Hold” from Analysts (NASDAQ:ADP)
Automatic Data Processing (NASDAQ:ADP) has earned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, American Banking News reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $82.17.
Automatic Data Processing (NASDAQ:ADP) traded up 0.47% on Friday, hitting $79.48. The stock had a trading volume of 219,982 shares. Automatic Data Processing has a one year low of $68.50 and a one year high of $83.82. The stock has a 50-day moving average of $78.69 and a 200-day moving average of $77.80. The company has a market cap of $38.317 billion and a price-to-earnings ratio of 26.38.
Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.08 by $0.02. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Automatic Data Processing will post $3.14 EPS for the current fiscal year.
Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Automatic Data Processing in a research note on Friday.
Automatic Data Processing, Inc (NASDAQ:ADP) is a provider of business outsourcing solutions.
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