A share price of Automatic Data Processing Inc. [ADP] is currently trading at $244.08, up 0.09%. An important factor to consider is whether the stock is rising or falling in short-term value. The ADP shares have lost -1.04% over the last week, with a monthly amount glided 0.34%, and seem to be holding up well over a long-time horizon.
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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.
Automatic Data Processing Inc. experienced fluctuations in its stock price throughout the past year between $201.46 and $256.84. 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 $244.08 at the most recent close of the market. An investor can expect a potential drop of -2.64% based on the average ADP price forecast.
Analyzing the ADP fundamentals
Trailing Twelve Months sales for Automatic Data Processing Inc. [NASDAQ:ADP] were 18.59B which represents 6.31% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.77.
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 242.36 points at the first support level, and at 240.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 246.56, and for the 2nd resistance point, it is at 249.04.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Automatic Data Processing Inc. [NASDAQ:ADP] is 1.01. On the other hand, the Quick Ratio is 1.01, and the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 5.39, the price to book ratio is 23.21 and price to earnings (TTM) ratio is 28.41.
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.
