Automatic Data Processing Inc. [ADP] stock prices are down -0.39% to $243.25 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ADP shares have lost -0.41% over the last week, with a monthly amount drifted -2.54%, and not seem to be holding up well over a long-time horizon.
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On 6, March 2024, ADP National Employment Report: Private Sector Employment Increased by 140,000 Jobs in February; Annual Pay was Up 5.1%. In a post published today on Yahoo Finance, Private sector employment increased by 140,000 jobs in February and annual pay was up 5.1 percent year-over-year, according to the February ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.
From an analyst’s perspective:
Automatic Data Processing Inc. [NASDAQ: ADP] stock has seen the most recent analyst activity on January 17, 2024, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $243 from $217. Previously, Wolfe Research upgraded its rating to Peer Perform on January 04, 2024. On November 07, 2023, UBS initiated with a Neutral rating and assigned a price target of $235 on the stock. RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and suggested a price target of $267 on September 05, 2023. UBS initiated its recommendation with a Neutral and recommended $230 as its price target on June 02, 2023. BofA Securities downgraded its rating to Underperform for this stock on April 03, 2023, and downed its price target to $211. In a note dated March 09, 2022, BofA Securities upgraded an Neutral rating on this stock but restated the target price of $223.
The stock price of Automatic Data Processing Inc. [ADP] has been fluctuating between $201.46 and $256.84 over the past year. Currently, Wall Street analysts expect the stock to reach $237.63 within the next 12 months. Automatic Data Processing Inc. [NASDAQ: ADP] shares were valued at $243.25 at the most recent close of the market. An investor can expect a potential drop of -2.31% based on the average ADP price forecast.
Analyzing the ADP fundamentals
The Automatic Data Processing Inc. [NASDAQ:ADP] reported sales of 18.59B for trailing twelve months, representing a surge of 6.31%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.95 and Total Capital is 0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.77.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 241.99 points at the first support level, and at 240.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 244.75, and for the 2nd resistance point, it is at 246.25.
Automatic Data Processing Inc. [ADP] reported earnings per share of $2.13 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.1/share, meaning a difference of $0.03 and a surprise factor of 1.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.08 per share as compared to estimates of $2.02 per share, a difference of $0.06 representing a surprise of 3.00%.
Ratios To Look Out For
It’s worth pointing out that Automatic Data Processing Inc. [NASDAQ:ADP]’s Current Ratio is 1.01. Also, the Quick Ratio is 1.01, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 5.38, the price to book ratio is 23.13 and price to earnings (TTM) ratio is 28.31.
Transactions by insiders
Recent insider trading involved KUTAM SREENIVASA, Corp VP, that happened on Mar 04 ’24 when 368.0 shares were sold. Corp. VP, Albinson Brock completed a deal on Mar 01 ’24 to sell 1170.0 shares. Meanwhile, Corp VP KUTAM SREENIVASA sold 694.0 shares on Mar 01 ’24.
