Automatic Data Processing Receives “Neutral” Rating from Goldman Sachs (ADP)
Shares of Automatic Data Processing (NASDAQ:ADP) traded up 0.04% during mid-day trading on Tuesday, hitting $80.47. The stock had a trading volume of 1,513,432 shares. Automatic Data Processing has a one year low of $69.76 and a one year high of $83.82. The stock’s 50-day moving average is $79.06 and its 200-day moving average is $77.89. The company has a market cap of $38.795 billion and a price-to-earnings ratio of 26.82.
Automatic Data Processing (NASDAQ:ADP) last announced its 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.
In other Automatic Data Processing news, VP Michael C. Eberhard unloaded 2,743 shares of Automatic Data Processing stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $80.00, for a total transaction of $219,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Automatic Data Processing in a research note on Friday, June 27th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $82.17.
Automatic Data Processing, Inc (NASDAQ:ADP) is a provider of business outsourcing solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.